Sensex trading higher, Nifty above 10350 level; Infosys top gainer

Liquidity Drives Sensex, Nifty Up; Reliance, Bajaj Auto, Infosys, Cipla, Top Gainers

Market advances for sixth day, IT the bright spot

Investors will be looking ahead to a report about India's sovereign ratings from Standard & Poor's.

The broader Nifty reclaimed the 10,400-mark to scale an intra-day high of 10,404.50 but profit-taking pulled it down to 10,389.70, still a gain of 40.95 points, or 0.40 per cent. However, it slipped later. For the whole week, the Sensex jumped 336.44 points, or 1per cent, while the Nifty rallied 106.10 points, or 1.03 per cent.

Hong Kong's Hang Seng was up 0.41 per cent while Japan's Nikkei came down 0.34 per cent in early session.

The S&P BSE Information Technology Index gained 1.2 percent and was among the top sectoral gainers. Asian stocks gained after volatile trade.

Biggest gainers in the 30-share index were Sun Pharmaceutical Industries (1.48%), Tata Power Company (1.08%), Oil & Natural Gas Corporation (0.86%), Infosys (0.80%), Cipla (0.75%), and Bharti Airtel (0.70%).

The BSE market breadth was bullish - 1,510 advances and 1,225 declines.

Provisional data with the exchanges showed that foreign institutional investors sold scrips worth Rs 416.28 crore, while domestic institutional investors purchased stocks worth Rs 427.63 crore.

On the other hand, the S&P BSE metal index fell by 85.35 points and basic materials index by 8.36 points.

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