Benchmark indices gained strength after early consolidation, with the Sensex rising 121.28 points to 34,737.41.
The Nifty rose 39 points to 10,555.70, backed by HDFC twins and ICICI Bank.
The market breadth also improved as about 1,053 shares advanced against 785 declining shares on the BSE. Share price of Dhunseri Petrochem locked at 10 percent lower circuit on the back of poor March quarter numbers.
There were pending sell orders of 29,495 shares, with no buyers available.
The company has posted net loss at Rs 12.5 crore versus loss of Rs 69.6 crore. Revenue for the quarter stood at Rs 172.8 crore.
The company has entered into a share purchase agreement with Egyptian Petrochemicals Holding Company (ECHEM) for the purchase of its 23 percent stake in joint venture company - Egyptian Indian Polyester Company S.A.E (EIPET) in 7 tranches, as per company release.
Read more--Stocks update
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