Markets log gains for 2nd day on buying in Reliance, M&M

In a largely range-bound trade, the 30-share BSE Sensex climbed 253.31 points, or 0.34%, to settle at 73,917.03.

Equity benchmarks Sensex and Nifty closed higher for a second straight day on Friday as buying in index majors M&M, Reliance Industries, and ITC helped the indices rebound from early lows.

However, relentless foreign fund outflows capped the sharp gains in domestic equities, traders said.

In a largely range-bound trade, the 30-share BSE Sensex climbed 253.31 points, or 0.34%, to settle at 73,917.03.

The NSE Nifty advanced 62.25 points, or 0.28%, to 22,466.10.

M&M was the biggest gainer on the Sensex chart, rising 5.97% , followed by JSW Steel, Ultra Cement, Kotak Mahindra Bank, ITC and NTPC.

Reliance Industries gained 0.73% to close at ₹2,871 apiece.

In contrast, TCS, HCL Tech, HUL, Nestle India, Bajaj Finserv, Wipro and Infosys were among the losers.