Infosys, RIL surge takes Nifty above 10,200 mark

Mumbai: Benchmark share indices bounced back after declining for three sessions on Thursday and gained 1 per cent, with the Nifty reclaiming the 10,200-mark and the Sensex closing above 33,000.

Sentiment in local equities had weakened recently due to concerns over the impact of high oil prices on the fiscal deficit. An increase in retail inflation for October also dashed hopes of an interest rate cut by the RBI in its monetary policy review in December.

The benchmark Sensex climbed 346.38 points or 1.1 per cent and the Nifty rose 96.70 points or 1 per cent at 10,214.75. The local volatility gauge India VIX fell 5.6 per cent at 13.46. However, FPIs were net sellers offloading shares worth Rs 447.42 crore while domestic institutional investors bought shares worth Rs 847.45 crore, provisional data showed.



Infosys was the top gainer on the Sensex, ending up 3.8 per cent at Rs 988.60 followed by State Bank of India, Reliance Industries, NTPC and Tata Consultancy Services which gained 1.5-2.5 per cent. Adani Ports was the worst performer, ending down 2.5 per cent at Rs 397.

Stocks of Reliance Anil Dhirubhai Ambani Group companies rebounded after falling sharply in the previous session owing to debt concerns about Reliance Communications. Reliance Nippon Life Asset Management, Reliance Infrastructure, Reliance Power and Reliance Communications ended up 4-16 per cent.