Sectoral performers of the day on NSE
The broader Nifty50 index of National Stock Exchange (NSE) closed the day at 10,805, up 14 points or 0.13 per cent. Out of 50 constituents, 29 ended in the green while 21 in the red.
Among individual stocks, Max India zoomed 20 per cent to Rs 80 apiece after reports said it was likely to exit from the health insurance business.
Shares of Fortis Healthcare tanked over 14 per cent in the intra-day trade to Rs 130 on the National Stock Exchange (NSE) after the Supreme Court put company's sale to IHH on hold. The stock, however, pared losses and eventually closed at Rs 141 apiece, down 7 per cent.
Shares of telecom services providers such as Bharti Airtel and Vodafone Idea rallied in an otherwise subdued market after Telecom Disputes Settlement and Appellate Tribunal (TDSAT) quashed Trai's predatory pricing rule. Bharti Airtel jumped 10 per cent to Rs 333, while Vodafone Idea climbed 8 per cent to Rs 37.60 on BSE in the intra-day trade. At close, shares of Bharti Airtel stood at Rs 319, up over 5 per cent while those of Vodafone Idea settled at Rs 36, up over 3.5 per cent.
The broader market indices moved in line with benchmarks. The S&P BSE Midcap index settled at 15,193, up 29 points while S&P BSE SmallCap ended just 4 points higher at 14,502.