Sensex, Nifty end higher; Infosys falls even as Sikkaa appointed new CEO

Updated: Thursday, June 12, 2014, 15:28 [IST]

Indices

Markets ended the day higher as investors continued to buy into shares at lower levels. The Sensex ended the day higher by 102 points at 22,576 points, while the Nifty gained 23 points in trade. Leading the set of losers were Coal India, Tata Power, Reliance Industries and BPCL.

Infosys, whose board appointed Vishal Sikka as the new CEO and Managing Director of the company ended the day marginally weak.

However, other software stocks like TCS and Wipro ended the day with gains. Mid cap stocks saw considerable price damage with India Cements, Jain Irrigation and Syndicate Bank seeing sharp cuts in trade.

A notable mid cap gainer was Godrej Industries, which jumped almost 6 per cent in trade. Banking stocks had a mixed day in trade with Bank of Baroda, Axis Bank and Bank of India all dropping while HDFC Bank ended the day higher.

Bharti Airtel fell as much as 4 per cent after a foreign brokerage downgraded the stock. Metal stocks had a good day in trade with Jindal Steel and Tata Steel among the winners.

Realty stocks saw some profit booking in trade with DB Realty and HDIL both ending the day with sharp losses.

Meanwhile, markets across Europe were trading flat with a positive bias. The German DAX was trading with gains of six points, while the FTSE dropped four points and the CAC was up three points at the time Indian markets closed.

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