Sensex, Nifty open higher; hit another record high

Posted By:
Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Sensex, Nifty open higher; hit another record high
    Indices
    The Sensex and the Nifty opened the day higher hitting another record high in trade as foreign funds continued to chase Indian stocks.

    The Sensex was trading at 25,454, a gain of 96 points over Thursday's close, while the Nifty was up 23 points in early trade.

    Leading the set of gainers in trade were metal stocks like Hindalco and Sesa Sterlite, while other stocks that rallied in trade were Reliance, HDFC, Hero Motor Corp and Larsen.

    PSU banking stocks continued to show recovery for a second day in a row with notable winners being Canara Bank, Bank of Baroda and Oriental Bank of Commerce. Private sector banks like ICICI Bank and HDFC Bank were also among the gainers.

    Shares in Ranbaxy were trading lower on reports of possibility of tax fines to be levied by one of the states in the US. Shares in Canara Bank were trading higher on reports that the bank plans to sell its sticky loans.

    Mid cap stocks were also showing smart gains with IFCI, GMR, Jubilant and NHPC among the gainers. Nifty stocks that lost ground in trade were Bharti Airtel, Sun Pharma and United Spirits.

    Meanwhile, markets in Asia were trading flat, while the US and European markets closed sharply higher on Thursday.

    GoodReturns.in

    Story first published: Friday, August 22, 2014, 9:27 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    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