Sensex, Nifty tick higher on mixed cues; Force Motors, DHFL, IDBI Bank stocks gain

Closing Bell: The stock market of India nudged higher today on mixed cues. The BSE Senses gained 52 points and closed at 37,402 while the 50-stock Nifty gained 6 points and closed at 11,053 levels. The Bank Nifty index lost 30 points and closed at 282,186 levels. 

Speaking on the current market scenario Prakash Pandey, Head of Research at Fairwealth Securities said, "The market is facing huge resistance at 11,250 levels but the good news today is the closing of Nifty is above 11,000 levels. Right now, the market is range-bound in between 11,000 to 11,250. till then I would suggest investors to maintain buy on dips strategy."

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Force Motors, IDBI Bank, DHFL, JK Tyre & Industries and Zensar Technologies stocks were the major gainers today while Vodafone Idea, Reliance Capital, Biocon, Reliance Communications and Lakshmi Vilas Bank stocks were major losing stocks in the intraday trade.

Healthcare stocks witnessed fresh buying today as the BSE Healthcare index went up over 0.55 per cent in the intraday trade. Healthcare major Thyrocare Technologies share price skyrocketed 5.57 per cent, shares of Unichem Laboratories soar 4.05 per cent, Suven Life Sciences stocks went northward 5.67 per cent, Sun Pharmaceutical Industries went up 2.78 per cent, Novartis India added 1.12 per cent, Marksans Pharma rose 4 per cent while Gufic BioSciences stocks shot up over 11 per cent.

Among major Asian stock markets, the Japanese Nikkei 225 index soar 0.71 per cent, South Korean Kospi shot up 0.66 per cent, Hang Seng skyrocketed 2.17 per cent while Shanghai markets went northward 2.1 per cent.