Mumbai: Equity benchmarks gained for the third consecutive session on Tuesday with the support from technology, capital goods and HDFC group stocks.
Though it was a volatile session ahead of expiry of February derivative contracts the 50-share NSE benchmark Nifty closed at 6200-mark, up 14 points.
The 30-share BSE Sensex climbed 41.03 points to 20852.47. The consistent upmove in the market was due to the fact that market is expecting a stable government at the Centre post the Lok Sabha elections and therefore, the flows are improving and overall sentiment is also looking up, Dipan Mehta, member, BSE and NSE said.
He believes the market is discounting a favourable opinion poll (which came out over a weekend) and is expecting Narendra Modi-led NDA to form the government.
Foreign institutional investors bought nearly Rs 3,000 crore worth of shares in the last eight consecutive sessions.
Shares of Wipro jumped 3 per cent, touching 14-year high at Rs 595.15 per share as it bagged a 10-year IT and BPO contract from UK's Carillion. It was the top gainer.
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