The 30-share BSE Sensex reclaimed 27000-mark, up 416.44 points or 1.56 percent to close at 27126.57. The broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising 2.66 percent and 3.3 percent, respectively. Advancing shares outnumbered declining ones by a ratio of 2171 to 693 on the Bombay Stock Exchange.
Sentiment today was also boosted by the Cabinet passing the Constitutional Amendment Bill on Goods and Services Tax on Wednesday. Infosys, HDFC Bank, Tata Motors, Axis Bank, Reliance Industries, SBI, Cipla and Bharti Airtel rallied 1-3 percent while Mahindra & Mahindra and Dr Reddy’s Labs were the only losers with marginal loss.
Sentiment today was also boosted by the Cabinet passing the Constitutional Amendment Bill on Goods and Services Tax on Wednesday. Infosys, HDFC Bank, Tata Motors, Axis Bank, Reliance Industries, SBI, Cipla and Bharti Airtel rallied 1-3 percent while Mahindra & Mahindra and Dr Reddy’s Labs were the only losers with marginal loss.
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The stock was the biggest drag on the S&P 500. Schlumberger lost 2.2 percent to USD 74.84. The oilfield services provider warned that margins would remain under pressure as it spends more to bring back idled equipment. capitalstars
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