Markets close higher, IT stocks boost index

Reuters
Bengaluru, Karnataka, India Published: Jul 02, 2019, 04:00 PM(IST)

File photo. Photograph:( Reuters )

Story highlights

Earlier in the session, markets witnessed thin trade as heavy rains lashed Mumbai, India's financial capital, for a second straight day, disrupting road, rail and air traffic.

Indian shares closed higher on Tuesday, with financials and IT stocks driving gains on the index as investors awaited further cues from the budget due later in the week.

Earlier in the session, markets witnessed thin trade as heavy rains lashed Mumbai, India's financial capital, for a second straight day, disrupting road, rail and air traffic.

The authorities declared a public holiday in the city.

The broader Nifty closed 0.38 per cent higher at 11,910.3, while the benchmark Sensex settled 0.33 per cent firmer at 39,816.48.

Housing Development Finance Corp Ltd closed 1.6 per cent up, while Infosys Ltd ended the session 1.1 per cent higher.

Meanwhile, a day after automakers posted lacklustre monthly sales figures, the country's auto index rebounded from early losses to close 0.2 per cent firmer.

Shares of Yes Bank Ltd finished the session 8.3 per cent lower on the report that Mumbai-based real estate company Radius Developers defaulted on scheduled interest payments on 12 bln rupees ($174.07 million) loan to the lender.
 

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