The key trigger to watch out for in near term would Gujarat Assembly elections.
Adani Ports, BHEL, and Zee Entertainment are the top gainers, while DRL, Axis Bank, Tech Mahindra and Bajaj Finance lost the most.
Pharma sector was the star performer today as Nifty Pharma index gained 2.2 percent.
DRL, Sun Pharma and Cipla were the top gainers, while Coal India, Kotak Mahindra and Indiabulls Housing lost the most.
The upside in oil gas, select private banks and metals stocks was offset by fall in ICICI Bank, SBI, HDFC, Infosys and cement stocks.
Coal India, ONGC, GAIL and Tata Power were the top gainers, while ICICI Bank, DRL, and Ambuja Cements were the top losers.
Banking financials, auto, metals stocks and index heavyweights Reliance Industries (up 0.9 percent) and ITC (1.14 percent) helped the market close higher.
Nifty Bank hit fresh record high as Moody#39;s Investors Service has today upgraded the Government of India#39;s local and foreign currency issuer ratings to Baa2 from Baa3 and changed the outlook on the rating to stable from positive.
All the sectoral indices on the National Stock Exchange ended in the green with the PSU Bank topping the list, up 3.2 percent followed by IT (up 1.75 percent). FMCG, Metal and Realty indices gained 1 percent each.
Religare Enterprises added another 10 percent today, on top of 10 percent rally seen in previous session.
The broader markets fell more than equity benchmarks, with the Nifty Midcap shedding 1 percent on weak breadth. About three shares declined for every share rising on the NSE.
The top losers were Vedanta which fell 2.9 percent while Hindalco Industries was down 2.89 percent. Sun Pharma, Indiabulls Housing Finance and GAIL India were the other top Nifty losers.
Rain Industries, HEG, Graphite India, Goa Carbon and Phillips Carbon plunged 5 percent.
LT, HDFC twins, Infosys, ITC pushed the market lower; but Reliance Industries (up 1.3 percent) and auto stocks capped losses.
CNX Energy was the outperforming sector with the index gaining 0.42 percent led by Reliance Industries which jumped over 2 percent. However, BPCL, HPCL and IOC were all down over 2 percent each.
Positives are recovery in urban growth, GDP revival, low per capita consumption, favourable demographics and steady conversion from country liquor to IMFL, Edelweiss said.
Emkay Research has upgraded the stock to buy from hold with a target price of Rs 174 on service additions by Maersk.
Watch CNBC-TV18#39;s analysts give a 360 degree round up on specific stocks and sectors.
Neuland Laboratories has reported 74.7 percent decline in its Q2 net profit at Rs 2.6 crore against Rs 10.2 crore, in a year ago period.
The company plans to launch a new digital model it calls Retail 3.0 which will blend technology with brick and mortar retail. The new avatar will be called Tathastu. These retail stores will enable online shopping for consumers.
State Bank of India, Punjab National Bank, Bank of Baroda, Bank of India, and Canara Bank, among others gained 1-4 percent.
Nifty PSU banks was the outperforming sector as all stocks were trading in the green led by Punjab National Bank, State Bank of India, Bank of India and Syndicate Bank.
Here are a few top buzzing midcap stocks picked by CNBC-TV18#39;s analysts in trade today. We have - Zee Entertainment, Gujarat Pipavav Port, Future Group, CESC, TeamLease Services and V L S Finance.rnrnWatch video for more.
The research house said CESC#39;s demerger plans remain on track.
Macquarie is of the view that growth is set to rebound for the company starting H2 FY18 and feels that it has ample levers to continue its investments and achieve over 30 percent margins.
The company#39;s board meeting is scheduled to be held on November 24, to consider, discuss and approve the further issuance of securities on private placement basis.
75 stocks hit new 52-week high on NSE including Bajaj Auto, BASF, Emami, IFB Industries, KPIT Tech, Maruti Suzuki, Tata Elxsi, Zee Entertainment among others.
The company has 39 abbreviated new drug applications (ANDAs) of which it has 22 final ANDA approvals, 2 tentative approvals, and 15 ANDAs under review with USFDA.
LBC Express Inc., Philippines has signed a multi-million dollar repeat order with the company to unify and automate its logistics and supply chain operations across its 1300 global branches and 121 warehouses
Gainers were Khadim India, Bata India, Liberty Shoes, Relaxo Footwears, Superhouse, Mirza International and Sreeleathers.