Increased buying in the last hour ensured that the market has ended the day on a positive note, with the Nifty closing above 11,000-mark.
The Sensex closed higher by 196.19 points or 0.54% at 36519.96, while the Nifty rose 71.10 points or 0.65% at 11008.00.
The market breadth was positive as 1443 shares advanced, against a decline of 1101 shares, while 173 shares were unchanged.
Midcaps witnessed a very strong day of trade, outperforming the benchmarks and ended 2.5 percent higher.
Investors placed big bets on financials, particularly PSU banks, as well as pharmaceuticals, metals as well as energy names.
State Bank of India, Sun Pharma, HPCL and IOC were the top gainers, while HUL, IndusInd Bank and Tech Mahindra were the top losers.
HEADLINES OF THE DAY
Results to be announced tomorrow :- UltraTechCement, Sasken Tech, Reliance Comm, NIIT Tech, Pritish Nandy,Mindtree,Mastek,Mahindra CIE,JM Financial,JK Tyre & Ind,HT Media,Foseco India,Bandhan Bank,Artson Engg.
TCNS Clothing IPO to open on July 18.
NCLAT stops Bhushan Power & Steel lenders from voting on Tata Steel bid.
ICICI Lombard Q1 results: ICICI Lombard General Insurance Company has reported 35 percent rise in its Q1 net profit at Rs 289.3 crore against Rs 214.1 crore in a year ago period.
The crucial resistance for Nifty spot is now seen at 11060 and above this 11185. Support for the immediate term is now placed at 10910 next support will be 10800.
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