Sensex holds gains, Nifty above 9200; Infosys surges

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Benchmark indices held on to its gains after the Sensex rose over 100 points in the opening trade.

The Sensex was up 171.56 points at 29747.30, while the Nifty was up 45.80 points at 9227.25. The market breadth was healthy as 1,683 shares advanced against a decline of 720 shares, while 99 shares were unchanged.

ITC, Infosys and Tata Power were top gainers on both the indices, while Tata Steel, NTPC and Zee Entertainment were the top losers.

Vedanta share price fell more than 6 percent intraday Tuesday as the stock adjusted for second interim dividend announced by the company last month.

The board of directors of the company, on March 30, had approved the second interim dividend of Rs 17.70 per share (i.e. 1770 percent on face value of Re 1 per share) for the financial year 2016-17.

Billionaire Anil Agarwal-led Vedanta has fixed April 12 as the record date for payment of interim dividend.

 

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