Sensex Ends 330 Points Higher; Awaits Outcome Of The US Fed Meet

Posted By:
Subscribe to GoodReturns

Benchmark indices ended the day higher, ahead of the US Fed Meet, where interest rates are most likely to be held steady by the US Fed Reserve.

Asian and European markets also saw some recovery, after falling for the last few days, over the likely exit of Britain from the European Union. In fact, markets all over the globe have seen a sell-off in the last few days on worries that Britain could exit the EU.

Sensex Ends 330 Points Higher; Awaits Outcome Of The US Fed Meet
The Sensex ended the day with gains of 330 points, while the Nifty ralied 97 points in trade.

Leading the set of gainers in trade were State Bank of India, Vedanta, NTPC and Larsen and Toubro.

Shares in Bharti Airtel gained after the stock was upgraded by a leading brokerage firm.

There was also buying interest after Bharti Airtel and Singtel were teaming up for data business in 325 cities globally.

Shares that lost ground in trade were Axis Bank and Coal India. Shares in Godrej climbed after reports that Godrej Agrovet & Godrej Properties were set to develop 100 acres land in Bangalore. The stock ended the day three per cent higher in trade.

Mic cap stocks saw good buying interest with JSW Energy surging as much as 4 per cent in trade. However, Ajanta Pharma was among the few midcap stocks that lost ground in trade.

Meanwhile, most of the European markets were higher after seeing relentless selling pressure in the last few trading sessions. The rupee saw some gains on strength in equities and was last trading at Rs 67.03 to the US dollar.

GoodReturns.in

Read more about: sensex, nifty
Story first published: Wednesday, June 15, 2016, 14:51 [IST]
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Thousands of Goodreturn readers receive our evening newsletter.
Have you subscribed?