Indices trade higher on strong global cues

Posted by:
Published: Tuesday, November 20, 2012, 9:39 [IST]
 
Share this on your social network:
   Facebook Twitter Google+    Comments Mail

Indices trade higher on strong global cues

Indian benchmark indices opened the day higher, as strong closings in Europe and the US, saw buying interest at lower levels.

The Sensex was trading higher by 83 points, while the Nifty gained 27 points in early trade. Among the stocks that saw maximum gains from the Nifty stocks were HDFC, Tata Motors, Ambuja Cements and Tata Steel.

The early losers from the Nifty included Infosys, Ultratech Cement, Grasim and Sun Pharma. Shares of Bharti Airtel which rallied sharply on Monday was trading flat at Rs 309, despite reports of IPO for its tower business.

Reliance Capital surged 2.6% after reports that the company has begun talks to sell 26 per cent equity in its general insurance arm to a foreign partner.

Banking stocks saw buying support emerge, except for Punjab National Bank, which dropped marginally.

Shares of Deccan Chronicle hit a 52 week low on sustained selling pressure in the counter.

Meanwhile, shares in Asia were trading higher, after strong closings in Europe and the US, on hopes that there might be a solution to the fiscal crisis in the US.

GoodReturns.in

Topics: sensex, nifty
Write Comments

Please read our comments policy before posting

Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'
Goodreturns iPad App
Goodreturns iPad App
Download GoodReturns iPad App and enjoy it. Learn more about Oneindia GoodReturns on the App Store.
Download Goodreturns iPad App