The market has ended on a higher note while IT stocks continued to drag. The Sensex closed up 258.24 points or 0.9 percent at 27375.58 and the Nifty was up 84.30 points or 1 percent at 8475.80.
About 1572 shares have advanced, 1153 shares declined, and 305 shares were unchanged.
Bharti Airtel, Infosys, HUL, ICICI Bank and Wipro were major losers while Bajaj Auto, Adani Ports, BHEL, M&M and HDFC Bank were gainers in the Sensex.
HEADLINES OF THE DAY
CESC surges on mega restructuring plan.
Zee Ent Q3 net profit below estimates.
Lupin launches Ortho-Cyclen tablets in US.
UPCOMING RESULT: ALEMBIC PHARMA, ARVIND, ASHOKLEY, EXIDE, IDFC, IBULREALEST, INDIAN BANK, IRB, MARUTI, KOTAKBANK, RAYMOND, TATAELXI, UPL, WIPRO
The crucial resistance for Nifty spot is now seen at 8595 and above this 8670 Support for the immediate term is now placed at 8375 and next support will be 8300.