Nifty ends the day flat; Infy rallies post results

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Nifty ends the day flat; Infy rallies post results
Markets ended the day marginally on the back of strong global cues with the Sensex rallying by 37 points (provisional), while the Nifty gained 3 points in trade.

Among the top gainers in trade today was Infosys which jumped 2.8 per cent, following a spectacular set of results. Other IT stocks that gained in trade were Tata Consultancy Services, HCL Tech and Wipro. Today's rally was largely on account of heavyweights gaining, including Reliance Industries, ITC and

Bank Nifty did not have a very good day in trade with banking stocks falling, following disappointing numbers posted by IndusInd Bank. Other banking stocks that fell were ICICI Bank, Axis Bank and Syndicate Bank. However, Union Bank gained in a falling market.

Mid cap stocks also ended the day lower, following selling pressure in stocks like Voltas and Crompton Greaves. Other mid cap stocks that lost ground were Jubilant Foodworks and Mcleod Russell.

Real estate stocks also did not have a great day in trade with stocks like Oberoi Realty and Unitech among the losers.

Gold loan companies like Manapuram and Muthoot Finance, which gained as much as 20 per cent on Thursday, following the RBI decision to hike loan to value continued to rally. Manapuram Finance was up another 16 per cent in trade once again today, making it 30 per cent gains in two days.

Meanwhile, markets most of Asia ended the day with gains led by a strong rally in the Jakarta Composite, while the Shanghai Composite ended the day with losses.

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