Indian markets wrapped today's session on a higher note supported by banking and capital goods stocks. At the close, the benchmark 30-share index, BSE Sensex added 146.99 points or 0.53% at 28,092.79 with 17 components registering rise. Meanwhile, the broad based NSE Nifty climbed by 34.05 points or 0.40% at 8,478.95 with 30 components posting rise.
Dipen Shah, Head-Private Client Group Research, Kotak Securities said, ''Markets ended the week with gains of about 1%, despite the concerns over Greece. The markets seemed hopeful that the outcome of the Greek referendum will not have any significant repercussions on the global economy and especially India.
Indian economy is not linked to Greece in any major way. While there can be an impact on currency due to potential outflows, the strong forex reserves should help in reducing the impact to a great extent. Going ahead, CPI numbers, quarterly results and progress of monsoons are the immediate triggers, apart from the Greek referendum outcome. Later in the month, the progress on major bills such as GST in the monsoon session of the Parliament will be the trigger to watch out for.''
Biggest gainers in the 30-share index were Housing Development Finance Corporation (2.53%), Hero Motocorp (2.06%), H D F C Bank (1.61%), Bharat Heavy Electricals (1.08%), Dr Reddy's Laboratories (0.96%), and Tata Consultancy Services (0.93%).
On the other hand, Vedanta (1.93%), Coal India (1.63%), Tata Steel (1.13%), Wipro (0.98%), Tata Motors (0.74%), and Tata Power Company (0.60%) were the biggest losers in the Sensex.
The Bankex index was at 21,505.16, up by 162.99 points or by 0.76%. The Capital Goods index was at 17,892.97, up by 101.40 points or by 0.57%. On the other hand, the Metal index was at 9,239.77, down by 138.67 points or by 1.48%.
