IndusInd Bank, Bajaj Auto and NTPC, up around 1% each, were top Sensex gainers followed by TechM, Titan and PowerGrid
The Nifty Metal index led the sectoral pack with gains of 2.20%, followed by the Nifty Realty index that climbed almost 2%.
IT stocks may remain resilient in spite of lofty valuations since there is good earnings visibility and improving prospects for growth
Nifty 50 declined 0.10% or 16.10 points to 15,818, while Sensex settled 0.04% or 18.82 points lower at 52,861
Bajaj Finance, HDFC Bank, UltraTech Cement, Maruti & Titan were among the top gainers on the Sensex gaining nearly 1% each
Market breadth remained strong throughout the day as 1,335 shares on the BSE advanced, while 655 declined and 322 remained unchanged
Data available with Motilal Oswal showed that 30% of Nifty companies are trading at a discount when compared with 10-year P/E.
Market experts suggest investors should stay put in the company and can add more in case of any meaningful correction in the counter
Shares of India Pesticides opened for trading at Rs 360 on the BSE, compared to the issue price of Rs 296, at a premium of 21.62%
In early trade, Sensex climbed 280 points or 0.53% to 52,774, while the Nifty 50 advanced 83 points or 0.53% at 15,805