Nifty closes above 9,900 level, Reliance Defence surge by nearly 7 per cent

Indian Benchmark Index Nifty and Sensex recovered to secure gains in the closing hour, after trading in red in the early hours of Thursday. S&P BSE Sensex closed at 31,730.49 level, up by 0.27 per cent, where as NSE’s Nifty 50 closed at 9,917.90 level, up by 0.34 per cent.
 
In the broader markets, BSE Midcap index closed at 15539.79 level, up by 0.22 per cent while, S&P BSE SmallCap Index ended at 16001.73 level, up by 0.84 per cent. India Vix ended lower by 7.25 per cent at 11.95
 
Wipro and Bajaj Auto were the top performing companies in S&P BSE Sensex, up by over 2 per cent each. Coal India was the top losing company in the index, down by 1.45 per cent whereas, Reliance, HDFC and Maruti were the top index gainers in the intraday trade. 
 
Defence stocks also buzzed in the intraday trade with Reliance Defence and Engineering becoming the top gainer with over 7 per cent gains.
 
Wipro, Maruti Suzuki and Tata Power are the top gainers in Nifty, while Bosch, Bharti Infratel and Coal India are the top Nifty losers.
 
S&P BSE Realty was the top performing index on BSE, higher by 1.11 per cent. The index was driven by Sobha Limited, up by 2.26 per cent at Rs 393.75 and Godrej Properties, up by 2.03 per cent at Rs 578.50.
 
S&P BSE Energy was also one of the top performing index, higher by 1.02 per cent. Mangalore Refinery Petrochemicals Limited was the top driver for the index. The stock was up by nearly 5 per cent on expansion plans.