Markets End Higher; Move In A tight Range Through The Day

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Benchmark indices ended the day higher after moving in a tight range through the day. Markets rallied in the last 1 hour of trade after European cues were better.

The Sensex ended the day higher by 129 points, while the Nifty rallied 39 points in trade.

Leading the set of gainers in trade were Coal India, Hindalco Industries, Tata Steel, Axis Bank and State Bank of India.

Shares in Tata Motors was in the limelight after the company's JLR US sales was up 8 percent for the month of May 2016.

Markets End Higher; Move In A tight Range Through The Day
Shares in Punj Lloyd were down more than 4 per cent, after the company's unit was ordered to pay a fine of USD 26.2 million to International Finance Corp.

Midcap stocks were once again in the limelight with Engineers India being the top gainer in trade.

PSU banking stocks saw some buying support with notable gainers being Union Bank, Syndicate Bank and State Bank of India.

Shares in Rolta India were down 5 per cent after S&P lowered the company's credit rating.
Nifty stocks that added pressure to the index were Wipro, ITC, Lupin and Sun Pharma.

Jyothy Labs saw some buying support after reports that Henkel AG might invest in the company.

Meanwhile, markets across Asia ended the day higher, while most of Europe was trading with gains.

The rupee was last seen trading at Rs 67.25 to the US dollar.

Read more about: sensex, nifty
Story first published: Thursday, June 2, 2016, 15:11 [IST]
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