Sensex Ends Higher On Recovery In European Markets

Business

oi-Sunil

By Sunil Fernandes

Updated: Wednesday, September 23, 2015, 15:32 [IST]

Benchmark Indian stock indices recovered in trade on the back of a recovery in European markets after the sharp falls seen on Tuesday. Markets in Germany, France and UK were up almost one per cent, after stocks were badly hit there on Tuesday following the Volkswagen emission scandal.

The Sensex ended the day higher by 171 points, while the Nifty gained 33 points in trade. Leading the set of gainers were the badly battered stocks like Vedanta and Coal India.

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Buying in Heavyweights like ITC, HDFC Bank and Infosys pushed the benchmark indices higher in trade.

Tata Motors continued to lose ground after Chinese PMI Data fell. The country is among the biggest market for Tata Motors. Other losers were Bharat Heavy Electricals and Wipro.

Shares in Motherson Sumi, which had been badly hit in the last few trading sessions following the Volkswagen emission scandal managed to end the day higher.

Among the non index stocks Pratibha Industries jumped almost 4 per cent after the company bagged an order worth Rs 376 crores from Telangana government.

Mid cap stocks also saw huge gains with GMR Infra and IndiaBulls Housing among the top gainers from the space.

Meanwhile, markets in Europe were trading with gains with the German DAX and the French CAC up almost one per cent each.

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