The Sensex and the Nifty ended the day higher for a second day in a row as the RBI impact of a cut in interest rates continued to have a positive impact on the markets. The Sensex ended the day higher by 46 points, while the Nifty ended the day higher by 19 points.
Shares in TCS which fell sharply in morning trades following its results ended the day flat after its results disappointed the street.
The PTC India Financial stock fell sharply by more than 4 per cent after the company's Q3 net profit fell to Rs 54.8 crore versus Rs 107 crore year on year.
Axis Bank on the other hand gained ground after the bank reported better than expected results. Defense stocks were in the limelight on reports that India & US will sign new defence frame work agreement for the next 10 years. Shares of BEML surged in trade.
Mid cap stocks also had a good session in trade with stocks like Unitech and Voltas gaining ground. Meanwhile, markets in Asia ended the day weak while most of Europe was trading higher.