Sensex, Nifty close at a new record as IT stocks surge

By Sunil Fernandes
Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts
    Sensex, Nifty close at a new record as IT stocks surge
    Indices
    The Sensex and the Nifty ended the day higher led by a surge in technology stocks. The Sensex closed at a new record of 26,100 points, rising by 138 points in trade, while the Nifty ended the day higher by 36 points.

    Leading the set of gainers from the Nifty were technology stocks like TCS, Infosys, Tech Mahindra and Wipro. The top gainer from the Nifty was IDFC which rallied a huge 7 per cent after one of the top brokerages upgraded the stock to a buy. Other Nifty stocks that gained ground in trade were DLF and Dr Reddy's.

    A select few Nifty stocks lost ground including the likes of ONGC and Reliance. However, the one sector that saw some selling pressure were stocks from the banking space including the likes of ICICI Bank, HDFC Bank, Yes Bank and Federal Bank. However, shares in South India Bank bucked the trend and ended the day higher after an investment fund bought 1.9 crore shares in the company.

    Shares in Ashok Leyland were also in demand after the company managed to successfully raise money through a QIP.

    Select mid cap stocks also saw buying interest the prime among these being Havells India, Jain Irrigation and Petronet LNG. However, a few stocks like Union Bank, Syndicate Bank and JSW Energy dropped in trade.

    Meanwhile, markets across Asia ended the day higher, while most of the European markets were trading flat.

    GoodReturns.in

    Read more about: sensex nifty
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    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