For Quick Alerts
For Daily Alerts

Sensex higher as Yellen comments spark global rally


Sensex higher as Yellen comments spark global rally
Markets across the globe rallied and the Sensex followed, after US Fed Chair, Janet Yellen hinted at a an accommodative Monetary policy in the US for a longer period.

The Sensex was trading with gains of 83 points, while the Nifty rallied 23 points in trade. ICICI Bank, NMDC, BPCL and Punjab National Bank drove gainers in early trade.

Tata Steel, however, was among the losers from the Nifty dropping more than 1.3 per cent, after its results failed to match expectations. The stock has also been downgraded by foreign brokerages.

Ranbaxy and Kotak Mahindra were the other losers in early trade.

Railway stocks were trading higher ahead of the Railway Budget with names like Titagarh Wagons, Kalindee Rail Nirman and Texmaco up almost 2 per cent in trade.

Reliance Industries was trading higher despite Delhi chief minister Arvind Kejriwal ordering an FIR filing against Reliance Industries chief Mukesh Ambani for alleged collusion in the hike in prices of natural gas from KG basin.

Coal India was trading soft ahead of its results to be declared later today. Cipla too lost ground ahead of its results.

Banking stocks were in the limelight with gainers from the space being ICICI Bank, IndusInd Bank, Oriental Bank and Indian Overseas Bank.

Mid cap stocks too gained in line with the broad markets with notable gainers being Voltas, Reliance Communications and Hexaware.

Meanwhile, most of the Asian markets were trading higher with gainers being the Hong Kong's Hang Sang, Japanese Nikkei and the Taiwan Weighted.

Story first published: Wednesday, February 12, 2014, 9:41 [IST]
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