Nifty Ends Higher; ITC Rallies 5 Per cent

Benchmark indices ended the day flat despite a sharp rise in the stock price of heavyweight, ITC. The Sensex ended the day with gains of 120 points, while the Nifty rallied 26 points in trade.

ITC was the top gainers after reports that that the ban on sale of loose cigarettes has been put on hold. ICICI Bank whose shares today began trading at a split face value of Rs 2, was trading up by almost 2 per cent in trade.

Indices

PSU banking stocks which have been gaining ground in the last few trading sessions after the Credit Policy continued to move higher. Stocks like Canara Bank, IDBI Bank, Union Bank of India and Bank of India were among the gainers.

HUL Continued to grind higher in trade along with ITC. PSU Banking stocks had a mixed session in trade with most of the stocks showing some slight weakness.

IDFC which rallied on Wednesday ended the day with marginal losses on profit booking.

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

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