For Quick Alerts
For Daily Alerts

Nifty surges on hopes of a Fed taper delay

Nifty surges on hopes of a Fed taper delay
The Sensex and the Nifty staged a smart rally in trade as the rupee recovered against the dollar on hopes that the partial US govt shutdown would delay a Fed taper plan.

The partial US govt shutdown also pushed the dollar lower against a host of currencies, including the Indian rupee, which boosted market sentiment

The Sensex ended the day higher by 381 points (provisional), while the Nifty rallied 129 points in trade. The star performer in trade today were the metal and banking stocks. Sesa Goa jumped 8% in trade, while Axis Bank gained more then 6%.

Other notable winners in trade were Jaiprakash Associates, IndusInd Bank, Ultratech Cement, Tata Steel and Tata Power.

Tata Consultancy Services jumped almost 4% in trade, after Goldman Sachs upgraded the stock. Other IT stocks too rallied along with TCS, including HCL Tech and Wipro.

FMCG stocks, however, performed poorly in trade with notable losers being ITC and Hindustan Unilever. There were no other Nifty losers in trade today.

PSU banks along with private sector banks had a good session with Bank of Baroda, Bank of India and Oriental Bank of Commerce jumping almost 5% in trade.

Realty stocks also had a good day of trade with DLF, Unitech and DB Realty among the gainers.

Gitanjali Gems lost ground in trade today after the promoters rejected a dividend payout by the company.

Meanwhile, markets in Europe were having a quiet day of trade. The German DAX, the French CAC and the UK's FTSE were marginally lower in trade.

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