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Markets end higher; HUL surges post numbers

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Markets end higher; HUL surges post numbers
Markets ended the day higher after trading rangebound for most of the day, as results from Hindustan Unilever pushed stocks like ITC higher.
 

The Sensex ended the day higher by 81 points (provisional), while the Nifty gained 32 points in trade. Among the leading gainers in trade was Hindustan Unilever, whose volumes surprised on the higher side, after the company revealed Q4 numbers. Other notable gainers was IndusInd Bank which rallied, following buying support from institutional investors.

Other top gainers from the Nifty were Reliance Infrastructure, HeroMotor Corp, Jaiprakash Associates and Grasim. HCL Tech which lost heavy ground on Friday recovered and gained as investors bought the shares at lower levels.

Some buying also emerged in other technology stocks including TCS and Infosys.

Stocks from the metals and mining space saw heavy selling pressure with the likes of Jindal Steel, Coal India and NMDC losing ground. Other prominent losers were Kotak Mahindra, Ambuja Cements and HDFC.

Heavy buying was also seen in PSU banking stocks. Allahabad bank rallied more then 2 per cent, while other notable gainers were Canara Bank, Oriental Bank and Indian Overseas Bank.

Hexware which was trading higher following its numbers declared early morning lost ground and ended the day flat.

Realty stocks also saw buying emerge with DLF, Anant Raj and Indiabulls rallying in trade. Meanwhile, markets in Europe were trading higher with the German DAX, the French CAC and the UK's FTSE all higher in trade.

GoodReturns.in

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