Sensex Ends Higher Despite Poor Global Cues: Dr Reddy's Gains

Business

Sunil

By Sunil Fernandes

Updated: Monday, November 16, 2015, 15:37 [IST]

Benchmark indices ended the day higher despite weak global cues, as buying in beaten down names like Dr Reddy's, L&T and Banking stocks pushed indices higher.

The Sensex ended the day higher even as global markets, including the German DAX, French CAC and the UK's FTSE were lower following Friday's terrorist attacks in Paris. The BSE Sensex closed the day with gains of 149 points, while the Nifty ended the day with gains of 44 points.

Shares in Coal India fell, as profits of the company lagged estimates. Infosys was the other top loser along with Tata Power and Hindustan Unilever,

Banking stocks were the clear winners in trade with private banking names like Kotak Mahindra, IndusInd Bank and ICICI Bank among the winners. GMR Infra surged almost 12 per cent after the company was back in the black this quarter.

Eros International, which has been in the news for allegations of overstating revenues was locked at the lower end of the circuit filter.

Welspun Corporation ended the day higher after the company reported a decent set of profits. MMTC also reported a good set of numbers and the stock ended higher by 8 per cent.

Cadila Health lost ground after the company missed the launch date for Asacol HD, anti-inflammatory drug.

Meanwhile, Asian markets ended the day mostly lower following the attacks in Paris. The Rupee was last trading at 66.97 to the US dollar.

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