Sensex retains above 39K, Bank Nifty sustains above 30K levels; Kellton Tech Solutions, Aptech stocks bleed

The stock market of India edged 0.22 per cent higher after trading range-bound for the entire intraday trading session as the market investors await Chinese economic data ahead. The BSE Sensex rose 92 per cent and successfully retained 39,000 levels which it achieved in the early morning session and closed at 39,053 levels today. The Nifty index added 26 points and closed at 11,698. The index Bank Nifty gained 79 points and closed at 30,352 levels. SRF, Varun Beverages, AstraZeneca Pharma, Avenue Supermarts and Bandhan Bank were the top five gaining stocks in the intraday trade while Jet Airways, Jain Irrigation, Reliance Infrastructure, DHFL and Reliance Power were the top losing stocks today.

Speaking on the market scenario Simi Bhaumik, a SEBI registered technical equity analyst told Zee Business Online, "the market is range-bound but overall the sentiment is bullish. From Nifty perspective, the market is currently trading in the range of 11,700 to 11,850. Tomorrow opening would be crucial and if it opens below 11,700 and sustains below that levels then the markets may see further downside in coming trading sessions."

Oil and Gas stocks led the bull run on Dalal Street in the intraday trade as the BSE Oil and Gas index jump around 1.13 per cent. Oil and Gas major Bharat Petroleum Corporation share price rose 2.33 per cent, HPCL counter added 2.12 per cent, IOCL stocks rose 1.38 per cent, IP Gas shares soar over 2 per cent, while Petronet LNG stocks jump 2.36 per cent.

IT stocks also witnessed heavy buying in the intraday trade. IT major Brightcom Group share price soar 4.92 per cent, Cyient counter added 1.44 per cent, HCL Technologies went up 1.57 per cent, Hexaware Technologies share price added 1.35 per cent, Infosys stocks soar 1.38 per cent while Kellton Tech Solutions share price nosedived 9.85 per cent, MIC Electronics share price crashed over 4.5 per cent, Aptech shares lost 2.75 per cent,MosChip Technologies crashed 3.51 per cent, Ramco Systems stocks dipped over 4 per cent while Rolta India crashed around 3.5 per cent.

Among Asian markets, the Japanese Nikkei 225 index lost 0.72 per cent, South Korean Kospi went up 0.38 per cent, Hang Seng jump 1 per cent while the Shanghai index nudged 0.09 per cent higher.