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State-run banks sold dollars on the day, four traders said, but were unsure of the purpose. They also reckoned some bond-related inflows were trickling into the market.

According to Nuvama Wealth, if the merged entity continues to have foreign investment limit above 15%, one could see incremental inflows of close to $2.5-3.0 billion ahead of the adjustment of the weightage in the MSCI index.

From the Sensex pack, Tata Steel and L&T were the top performers, rising over 2%. Wipro, HDFC Bank, HDFC, Bharti Airtel, NTPC and ITC also closed with gains

The 30-share BSE Sensex closed up 390.02 points at 61045.74

These 10 smallcap stocks witnessed the highest selling by mutual funds in December month. >> For more such web stories click on the ET icon below

Under the FPO, the employee quota has been fixed at 5%, retail at 35%, non-institutional at 15%. Anchor investor bidding date for the FPO has been fixed on Jan 25.

Delta Corp is engaged in the operation of the casino. Its segments include real estate, gaming, hospitality and others. The company operates its gaming and hospitality businesses under the DELTIN brand. It owns three casinos in Goa, including Deltin Royale, Deltin JAQK and Deltin Caravela.

Mutual funds invested most in these 10 largecap stocks in the December month. >> For more such web stories click on the ET icon below

The consensus recommendation from 17 analysts for the new-age tech stock is a buy. Out of the 17 analysts covering the stock, 13 have strong buy and buy ratings, while only one has a sell rating and the remaining three have hold ratings.

The impact of the budget on the market has been on a secular decline albeit actual performance is a function of pre-budget expectations (measured by market performance ahead of the budget). Market participants still need to negotiate volatility,Desai said in a pre-Budget report.