Sensex, Nifty Trade Marginally Higher; Tech Stocks Continue to Rally

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The Sensex and the Nifty were trading marginally higher despite the US Fed's exit of its QE3 programme.

The Sensex was trading with gains of 45 points, while the Nifty rallied 11 points in early trade. Leading the set of gainers from the Nifty were stocks like Infosys, TCS and Wipro. Auto stocks continued to have a good trading session with notable gainers being Mahindra and Mahindra and Maruti Suzuki.

Sensex, Nifty Trade Marginally Higher; Tech Stocks Continue to Rally
Shares in Mphasis lost marginal ground after its results lagged estimates. PSU banking stocks continued to be weak after disappointing results from Oriental Bank of Commerce. Private sector banking stocks on the other hand were also having a weakish session with stocks of Yes Bank, IndusInd Bank and ICICI Bank all falling.

Realty stocks were having a good session with Unitech, DLF and Sobha gaining ground after the government approved FDI for the sector.

Mid cap stocks were not having a good session in trade and most of the stocks saw some selling pressure. Stocks like Just Dial and Jubilant Food were among the losers in trade.

Meanwhile, markets across Asia were slightly weak after the US Fed exited its QE3 Programme. However, the Japanese Nikkei rallied as the Yen remained weak against the Dollar.

Read more about: sensex, nifty
Story first published: Thursday, October 30, 2014, 9:34 [IST]
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