Sensex surges past 19k; Bharti Airtel, Tata Motors gain

Commentary

oi-Sneha

By Sneha B K

Published: Thursday, April 18, 2013, 15:59 [IST]

Markets ended the day sharply higher led by gains in frontline stocks, including those in capital goods and consumer durables. The Nifty ended the day higher by 94 points, while the Sensex gained 285 points.

Capital goods stocks including Larsen, Thermax, Alstom, Punj Lloyd and Bharat Electricals gained.

Banking stocks also saw spectacular gains with ICICI Bank, IDBI Bank, Canara Bank and Bank of India rising sharply.

All the major auto names like Tata Motors, Maruti Suzuki, Bajaj Auto and Mahindra & Mahindra gained 0.1-2.5%.

IndusInd Bank gained more than 7% after posting better than expected results.

Among sectoral indices, all the sectors were in green except healthcare, metal and IT stocks were in red.

Losers in the trade were NMDC, HCL Tech, TCS, Dr Reddy and Cipla.

The exchanges will be closed tomorrow on account of Ram Navami.

GoodReturns.in