For Quick Alerts
For Daily Alerts

Markets gain on European cues, inflation data


Markets gain on European cues, inflation data
Markets gained for a second day in succession with strong European cues and lower than expected inflation data.

The BSE Sensex ended the day higher by 94 points, at 32 points.


Banking shares were in the limelight today, following lower than expected inflation data. Shares of private sector banks saw buying interest on hopes that the lower than expected inflation data might prompt the RBI to cut rates.

Shares of ICICI Bank and Axis Bank, both gained more than 2% in trade today. Shares of ONGC, Reliance Industries and Jindal Steel were the other prominent winners among the Nifty stocks. Among the shares that lost ground in trading today were HDFC, which saw selling pressure following sharp gains witnessed on Monday.

Today's smart gains can be attributed to the strong gains witnessed in Europe, following positive GDP data.

Read more about: sensex nifty
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X