Markets End Higher Ahead Of Greece Referendum

Posted By:

Indian benchmark indices ended the day higher ahead of a Greece referendum on Sunday, which would decide on further aid for Greece in exchange for reforms. A "no" vote could push Greece out of the Eurozone and may have an impact on markets across the globe.

Markets End  Higher Ahead Of Greece Referendum
Sensex28,077.18Sensex Quote-52.66 [0.19%]
Nifty8,693.05Nifty Quote-6.35 [0.07%]
The Sensex ended the day with gains of 146 points, while the Nifty closed higher by 40 points as indices closed higher for the third straight week.

Buying was seen in frontline stocks including the likes of HDFC, Bharat Heavy, HDFC Bank and Dr Reddy's Labs. Metal and mining stocks had a weakish session in trade with Tata Steel, Vedanta, Coal India and Hindalco among the losers.

Drugmaker Lupin rose on an acquisition in Russia, while most other pharma companies also ended the day higher. Select IT stocks which have witnessed a subdued trend through most of the week were up with Infosys and TCS seeing buying support. However, Tech Mahindra continued to fall after a weak Q1 guidance.

The mid cap index, however, ended the day lower as heavy selling was seen in Jindal Steel, Bharat Forge and Eicher Motors. However, UBL jumped a huge 8 per cent in trade.

Meanwhile, the Shanghai Composite slumped once again in trade and has now lost 27 per cent in three weeks. Most other Asian markets ended the day lower, while European markets were trading flat.

Read more about: sensex, nifty
Story first published: Friday, July 3, 2015, 14:28 [IST]
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Thousands of Goodreturn readers receive our evening newsletter.
Have you subscribed?