For Quick Alerts
For Daily Alerts

Sensex ends higher for the first time in 2014


Sensex ends higher for the first time in 2014
The Sensex and the Nifty today broke a five day falling streak, gaining for the first time in 2014.


The Sensex ended the day higher by 33 points (provisional), while the Nifty gained 12 points in trade. Gainers in trade from the Nifty were Coal India which jumped 4 per cent and Gas Authority of India.

In fact, PSU stocks were in the limelight on hopes of interim dividend from these set of companies. Stocks that rallied from the sector were NMDC, Syndicate Bank, and IDBI Bank. Larsen and Toubro which had rallied substantially in trade on Tuesday lost ground and was among the top loser from the Nifty.

Infosys ended the day soft for a second day in a row ahead of the company's results to be declared on Friday. DLF, Wipro and Bharat Heavy Electricals were the other losers in trade.

Maruti Suzuki which hit a 52-week high on Tuesday shed gains on profit booking.

PSU banking stocks were the stars in trade with Bank of India gaining 5 per cent, Syndicate Bank rallying eight per cent and Allahabad Bank also gaining 8 per cent. Most of the PSU banking stocks climbed on meeting of their respective boards to declare interim dividend.

Shares of mining major NMDC rallied after the company said that its production had increased substantially for the quarter ending Dec 31, 2013.

Meanwhile, Asian shares had a solid session in trade with the Japanese Nikkei gaining 2 per cent, while the Hang Sang gained 1.25 per cent.

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