Sensex Ends 190 Points Higher; Infosys Surges 6%

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Benchmark indices began the start of the week on a buoyant note, led by solid gains in software major Infosys Technologies.

Sensex Ends 190 Points Higher; Infosys Surges 6%
The rally was despite a weakfish trend prevailing in the global market, following a 5 per cent slump in crude prices. The Sensex ended the day with gains of 190 points, while the Nifty ended the day with gains of 64 points.

Leading the set of gainers apart from Infosys was Vedanta Industries. Shares in heavyweight ITC also surged following reports that the company will once again start manufacturing cigarettes.

Shares in DCB Bank gained after the bank reported a good set of quarterly numbers. The stock jumped 6 per cent in trade and led to a rally in other mid cap banking stocks like Karnataka Bank and Federal Bank.

Oil and Natural Gas Corporation saw its share prices dip, following a slump in crude prices.

However, oil marketing companies, which stand to benefit from a drop in crude prices gained ground.

Midcap stocks also ended the day higher with select banking names, including those from the Public Sector space gaining ground.

Tata Consultancy Services ended the day higher, ahead of its results to be declared later today.

Meanwhile most of the Asian indices ended the day lower, while Europe was trading with losses.

Read more about: sensex, nifty, infosys, dcb
Story first published: Monday, April 18, 2016, 14:56 [IST]
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