Sensex, Nifty end higher on strong global cues

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Sensex, Nifty end higher on strong global cues
Sensex28,077.18Sensex Quote-52.66 [0.19%]
Nifty8,693.05Nifty Quote-6.35 [0.07%]
The Sensex and the Nifty ended the day higher on strong gains across global markets. The Sensex closed the day higher by 76  points, while the Nifty closed higher by 22 points.

Action once again shifted to select stocks with infra and capital good stocks leading the set of gainers once again.

Stars in trade today were some of the jewellery stocks after the RBI eased import restrictions. Some of the stocks from the sector were up between 5-20 per cent. Notable gainers were TBZ, Tara Jewels, Gitanjali Gems and PC Jewellers among others.

Banking stocks were once again in demand with ICICI Bank leading private sector gainers. PSU banks on the other hand continued their spectacular run with Bank of India, Union Bank of India and Canara Bank among the gainers.

However, select Nifty stocks saw selling pressure with Bhel, HDFC, Mahindra and Mahindra and Tata Motors being among the losers.

Nifty stocks that gained in trade were IDFC, Maruti Suzuki, NTPC, State Bank of India and Sesa Sterlite.

Action shifted to select mid cap stocks with notable gainers being India Cements, Bata India, Unitech and Voltas.

Reliance Capital also edged 6 per cent higher on strong buying support. Realty stocks saw a huge uptick in trade with the realty index ending almost 6 per cent higher. Notable winners from the realty space were DLF, Godrej and Anant Raj Industries.

Meanwhile, markets across Europe were trading mixed with the German DAX and the UK's FTSE trading marginally higher, while the French CAC was trading lower.

Read more about: sensex, nifty
Story first published: Thursday, May 22, 2014, 15:16 [IST]
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