Latest News
-
Gold Prices India; Biggest Jump In 24-Carat In 55 Days; Know Tax Rates On Profits On Phsyical Gold -
Mandatory Testing for Indian Spices Destined for Singapore, Hong Kong After Ban -
TRAI Advocates for Enhanced Telecom Infrastructure Sharing Among Licensees -
LTIMindtree Reports Slight Q4 Profit Dip, Optimistic About Upcoming Growth -
Axis Bank Announces Q4 Net Profit at Rs 7,599 Crore Amid Deposit Accretion Worries -
hBits Expands to Pune with CyberCity Magarpatta Acquisition, Eyes Investment Opportunities -
India's First Green Hydrogen Pilot Project Goes Live at Nathpa Jhakri -
DCB Bank Q4 Results: PAT Grew 9% To Rs 156 Cr, NII Jumps 4.5%; Dividend Declared -
RBI Halts New Customer Onboarding at Kotak Mahindra Bank Over IT Compliance -
Macrotech Developers' Annual Profit Triples Despite Q4 Dip
Indian markets stage rally on Obama re-election
The Sensex ended the day higher by 85 points, while the Nifty gained 35.70 points. Among the shares that rallied in trade today were high beta names from the metal space, realty and banking names.
Shares of Jaiprakash Associates surged more than 5%, while Bank of Baroda, IDFC and Punjab National Bank were amongst the other gainers from the Nifty.
Heavyweights including ITC, Hindustan Unilever and HDFC rallied smartly, while Reliance Industries remained subdued.
Shares of Tata Power dropped after the company posted a consolidated net loss of Rs 83.8 crore in Q2FY13.
Shares of Bharti Airtel too ended the day lower after the company reported a drop in net profits.
PSU banking stocks were in demand on buying at lower levels. Shares of IDBI Bank, IOB, Union Bank and Canara Bank surged as investors engaged in value buying.
Meanwhile, markets in Europe ended the day higher, while Asia apart from the indices in Japan and China closed higher.
Markets are expected to continue to maintain an upward momentum and would now look to how the US would resolve its fiscal cliff.
GoodReturns.in
