Sensex inches higher for sixth day |
Market benchmark Sensex ended with a small gain on April 21 after giving up much of its 200-point early lead as advances in banking stocks offset losses in IT sector amid reports that the Reserve Bank trimmed the list of companies required for bad loan provisioning. Sensex surged 95 points on foreign fund inflows. Broader markets, however, came under pressure as investors locked in gains, pulling down the small-cap and mid-cap index by 0.52 per cent and 0.50 per cent, respectively.Global setup continued to remain positive ahead of a euro zone interest rate decision later in the day and rebound in crude oil prices.Country’s biggest lender ICICI Bank topped the gainers list by surging 6.26 per cent to Rs 253.05 while state-run SBI too attracted buyers’ attention and jumped 3.68 per cent. Sensex resumed higher at 25,979.68 and firmed up to cross the 26,000-level after 15 weeks on initial buying, but slumped afterwards to 25,783.12 before ending at 25,880.38, still showing a gain of 36.20 points or 0.14 per cent.The gauge had gained over 1,170 points in the past five sessions on the back of upbeat macroeconomic data, forecast of an above-normal monsoon and Infosys’ strong revenue guidance.Besides, the sentiment turned cautious after the Uttarakhand High Court quashed the imposition of President’s rule in the state .
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