Sensex ends 150 points higher

Sensex ends 150 points higher

Indian equity indices ended on a positive note, while Nifty reclaimed nearly 10,500 mark.

Sensex ended higher by 184 points at 34,153 , While Nifty was higher by 54 points at 10,558.

The S&P BSE Mid-cap and small cap index ended up by 1%.

Yes Bank, Adani Ports, Bharti Airtel,Indusind Bank were the major gainers, while ONGC, ICICI Bank, Tata Motors were the major losers.

Shares of RCOM closed higher by 2% at Rs. 34.Reliance Group Chairman Anil Ambani reportedly said that the “new” Reliance Communications (RCOM) will be “capex light” and emerge as India’s largest B2B (business-to-business) entity that is “focussed on the global and enterprise business”.

Shares of Idea Cellular closed 11% higher at Rs. 115.The company announced that the board will approved issuance of 326.6 million shares at a price of Rs. 99.50 per share on preferential basis.

Tata Consultancy Services and Infosys will announced Q3 numbers next week.