Sensex Surges in Early Trade; ITC, ICICI Bank Rally

Subscribe to GoodReturns
For Quick Alerts
For Daily Alerts

    The Sensex and the Nifty rallied in early trade on the back of strong global cues after the US Dow Jones closed at another record high.

    Sensex Surges in Early Trade; ITC, ICICI Bank Rally
    The Sensex was trading 232 points higher, while the Nifty was up 46 points in trade. Leading gainers from the Nifty and the Sensex were stocks like ITC which rallied after reports that the sale of loose cigarettes has been put on hold.

    Jindal Steel which had rallied sharply on Wednesday gave-up gains and was trading flat. ICICI Bank whose shares today began trading at a slit face value of Rs 2, was trading up by almost 2 per cent.

    DLF was trading marginally higher after reports that the company is planning to sell a stake in DLF Cybercity. Cairn India which has been consistently falling on reports of a fall in creude prices managed to gain ground marginal ground today.

    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.

    TCS and Infosys were among the software stocks that were trading with gains. Meanwhile, Asian markets were all trading with gains with the Japanese Nikkei hitting a seven and half year high.

    Read more about: icici bank
    Story first published: Thursday, December 4, 2014, 9:29 [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

    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