Better-than expected results from Infosys commencing the first quarter results and a reduction in trade deficit saw the Nifty and the Sensex gaining for the second consecutive trading day.
The Nifty closed above the 6,000 mark at 6,009 up 74 points while the Sensex closed at 19,958 up 282 points.
Jayant Manglik, President- Retail Distribution, Religare Securities said “Today, the government will unveil inflation (CPI) and industrial production (IIP) numbers in the evening so we’ll see market responding to those numbers on Monday.”
Volatility was down one per cent and the volatility index India Vix closed at 18.69.
Infosys, IDFC, L&T, TCS and RIL were the top five Nifty gainers while JP Associates, Maruti, ONGC, Ultratech Cement and Grasim were the top losers.