Sensex Ends With Gains After Hitting a New Lifetime High of 28,000 points

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Benchmark indices rose for yet another session on sustained buying by FIIs with the Sensex hitting the 28,000 points in intra day trading.

Sensex Ends With Gains After Hitting a New Lifetime High of 28,000 points
The Sensex closed the day higher by 55 points at 27,915 points, while the Nifty closed the day higher by 17 points. Leading the set of gainers from the Sensex were stocks from the pharma sector including the likes of Dr Reddy's and Sun Pharma.

Other stocks that gained ground were State Bank of India, Infosys and TCS. Shares in Vindhya Telelinks surged a huge 16 per cent in trade, while Gujarat Pipavav Port gained after the company reported a good set of quarterly numbers.

Metal stocks were the clear laggards in trade with Hindalco, Jindal Steel, Sesa Sterlite and NMDC dropping sharply in trade.

Mid cap stocks saw some selling pressure in trade with Divis Labs, Jain Irrigation, Mcleod and Tata Global Beverages among the losers.

Oil and gas stocks which have rallied in the last few trading sessions also saw some profit booking. Banking stocks ended the day higher led by gains in ICICI Bank, Indusind Bank and Yes Bank.

Meanwhile, markets across Europe were trading higher led y gains in the German DAX and the UK's FTSE.

Read more about: sensex, nifty
Story first published: Wednesday, November 5, 2014, 15:33 [IST]
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