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After being in the red until 1:44 pm, Indian benchmark indices closed in the green on receiving ‘positive cues from Europe’.
The Nifty was up 0.7 per cent (36 points) at 5,236, while the Sensex was up 0.62 per cent (107 points) at 17,301.
“Though the European Central Bank is trying hard to resolve the crisis, it remains to be seen how fast Euro Zone is able to solve this problem,” said the Head of Research of an Indian brokerage.
Analysts said that Greece was still negotiating with its private sector lenders to take a haircut on their exposures to Greece while simultaneously trying to tie-up another bailout package.
Barring FMCG, IT, Pharma and PSU indices which were marginally in the red on the NSE, all the other indices closed in the green.
Tata Power, Jindal Steel, Tata Steel, JP Associates and Hindalco were the top five NSE gainers, while Coal India, BPCL, ICICI Bank, Power grid and ITC were the top five losers.
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