For Quick Alerts
For Daily Alerts

Nifty ends higher; HUL rallies 9% on price hike

 Nifty ends higher; HUL rallies 9% on price hike
Markets ended the day with a sharp surge of 9 per cent in the Hindustan Unilever stocks pushing benchmark indices higher.

The Nifty ended the day with gains of 18 points. Among the shares that rallied were Hindustan Unilever, which jumped after reports that the company had hiked the prices in its personal care products.

Other FMCG stocks Colgate and Cigaratte to FMCG major ITC also gained ground. Software stocks gained for a second day in a row as the rupee continued to weaken despite RBI measures. TCS gained ahead of its results to be declared later on Thursday.

Banking shares were weak in trade with both private sector and PSU banking stocks losing ground. ICICI Bank, Axis Bank dropped sharply, while HDFC Bank which reported a good set of numbers also saw some selling pressure.

IT stocks gained in trade with TCS and Infosys among the notable gainers. Ranbaxy Labs came in for selling pressure after reports that two its its plants were under the US FDA scanner.

PSU banking stocks were badly hit in trade with Oriental Bank of Commerce dropping more then 6 per cent and Union Bank falling 8 per cent.

Realty stocks also lost ground in trade with Sobha and Unitech falling. Meanwhile, most of the markets in Asia ended the day with gains.

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
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more