Reliance, TCS, BPCL And Tata Power Were The Top Gainers On Both The Indices

Reliance, TCS, BPCL and Tata Power were the top gainers on both the indices, while Infosys, Tata Steel and Hindalco were the top losers. Tech Mahindra surged over 2 percent intraday as investors cheered its acquisition of US-based firm HCI Group. 

Analysts are also upbeat on the deal on the back of appropriate valuations and cross-selling synergies. Power stocks gained on reports of a possible coal linkage policy that could be introduced next week. 

Sources told CNBC Awaaz that the government could look at allocating coal linkage through an auction. Furthermore, power firms that currently do not have a coal linkage could benefit from the new policy.

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