Markets Gain in Later Hours to Close in Green

The Indian markets gained in the later half of the day after remaining in the negative territory for the major part of the day. The main draggers for the day are the Teck and IT indices which closed the day after declining more than two percentage points. The main gainer for the day is the Realty index which is the main contributor for the day’s gain as it closed the day after gaining more than four percentage points followed by the Consumer Durable index which gained more than two percentage points during the day. The Sensex closed the day in green gaining 48.70 points or 0.27 percentage points to close at 17,985.90. Nifty ends the day at 5400.65 gaining 17.65 points or 0.33 percentage points. Market breadth was positive with 1,692 advances against 1,190 declines on BSE. On the global front, European stocks climbed for a sixth day as Alcoa Inc. began the U.S. earnings season with profit that beat estimates and BP Plc gained. U.S. index futures advanced, while Asian shares fell.