Markets end steady; Grasim surges

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Markets end steady; Grasim surges
Markets ended the day on a steady note, after being range bound for most of the day. The Nifty closed the day higher by 6 points, while the Sensex closed the day higher by 24 points at 16906.

Shares in Asia ended lower, while shares in Europe were trading lower at 3.10 pm IST. In fact, shares in Europe opened in the green, however, reports that Spain sold 3.08 billion euros ($3.8 billion) of its short-term debt on Tuesday, and paid the highest rates to sell the paper since November saw European markets trending lower.

Shares of Jaiprakash Associates surged today following reports that the company was planning to sell a stake in its cement business to the Aditya Birla group.

Spicejet too rose on reports that Etihad and Qatar Airways were planning to buy a stake in the company.

Among the other shares that gained in trade today were Grasim power grid and GAIL. Shares that lost ground today were SAIL, HUL and Sesa Goa. Markets are expected to remain steady and track global cues in the absence of any domestic triggers.

Read more about: sensex, nifty
Story first published: Tuesday, June 26, 2012, 15:13 [IST]
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