Wrap-up| Indian stocks inch higher on firm global cues

Sensex: 18,584 +0.39%

Nifty: 5,565 +0.43%

Stoxx 50: 2,959 +0.69%

FTSE 100: 6,023 +0.08%

Ranbaxy Laboratories and Hero Honda led the gains among the Nifty 50 shares. Ranbaxy Laboratories surged more than 6% after its March quarter profits dropped lower than expected. Meanwhile stocks such as NTPC, Tata Power and Larsen Toubro lost more than 1.4% each.

Ranbaxy Laboratories: ₹ 478 +6.14%

Hero Honda: ₹ 1,775 +3.56%

NTPC: ₹ 176 –2.52%

Tata Power: ₹ 1,233 –1.88%

Larsen & Toubro: ₹ 1,520 –1.42%

On the sectoral level, real estate, metals and automobile stocks led the gains on the BSE. Except capital goods, all sectoral indices closed with gains.

BSE Realty: 2,143 +1.40%

BSE Metal: 15,647 +1.01%

BSE Auto: 9,189 +0.95%

Recovering base metal prices in international markets helped metal stocks close the day with smart gains.

JSW Steel: ₹ 918 +3.24%

Sesa Goa: ₹ 302 +1.56%

Jindal Steel: ₹ 641 +1.14%

Stelite Industries: ₹ 176 +1.47%

Shares of SKS Microfinance continued to rebound. The stock gained 10% after the company said it hopes to overcome the crisis in Andhra Pradesh operations in six months.

SKS Microfinance: ₹ 328 +10.01%

Overall it was not a bad day for Indian stock markets. More than half the shares traded on the BSE closed the day with gains.

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