Sensex Rallies As Global Markets Rebound

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Benchmark indices staged a spectacular rally after European and Asian markets saw sharp gains, following strong overnight closings in the US.

The minutes of the US Fed meeting, which hinted at a likely rate hike in the US in Dec and futures hikes at a gradual pace, pushed US markets higher, leading to a global rally.

Check the day's Nifty gainers and losers

Sensex Rallies As Global Markets Rebound
Sensex28,077.18Sensex Quote-52.66 [0.19%]
Nifty8,693.05Nifty Quote-6.35 [0.07%]
The Sensex ended the day with gains of 359 points, while the Nifty rallied 110 points in trade. Leading the set of gainers in trade were heavyweight stocks like HDFC, HDFC Bank, ICICI Bank and Infosys.

Shares in Dr Reddy's fell after reports that Lundin Law PC has announced that it is investigating claims against Dr Reddy's Laboratories concerning possible violations of federal securities laws. However, the company has clarified that its accounting is as per the IRFS and Indian Accounting Standards.

Shares in Hero MotoCorp gained ground today after after the two-wheeler maker said that it sold a record 10 lakh units during 35-day festive season.

Coal India lost ground after the government announced a stake sale in the company and the Unions opposing the stake sale.

IT Stocks saw some good buying support after falling sharply on Wednesday, following Infosys' warning on margins being under pressure for the next quarter.

Meanwhile, European markets were seeing sharp gains, following volatile sessions in the klast few days, due to the Paris terrorist attacks.

The German Dax, French CAC and the UK's FTSE were all higher in trade.

Read more about: sensex, nifty, hdfc bank, hdfc
Story first published: Thursday, November 19, 2015, 14:19 [IST]
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