Sensex closes above 26,000 points; oil and gas stocks rally

Subscribe to GoodReturns
For Quick Alerts
For Daily Alerts

    The Sensex and the Nifty ended the day higher led by gains in banking and oil and gas related stocks. The Sensex ended the day with gains of 184 points, while the Nifty rallied by 45 points in trade.

    Leading the set of gainers from the Nifty was Gail which rallied almost 3.8 per cent with Jindal steel which also closed the day higher by 3 per cent. Tata Steel which reported numbers that lagged estimates also ended the day higher. PSU banking stocks which were hammered on Wednesday recovered some ground and ended the day higher. Bank of India and Syndicate Bank both gained 3 per cent each.

    Shares in Bhushan Steel continued to be locked at the lower end of the circuit filter. Nifty stocks that lost ground in trade were HDFC, Hero Motor Corp and State Bank of India.

    Mid cap stocks also had a good session with most of the stocks including Steel Authority of India, Adani power and Unitech rallying sharply in trade.

    Meanwhile, markets in Europe were trading marginally lower led by losses in the German DAX and the French CAC.

    Read more about: sensex nifty
    Story first published: Thursday, August 14, 2014, 15:47 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'
    India's LARGEST EVER political poll. Have you participated yet?

    Find IFSC

    Get Latest News alerts from Goodreturns

    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