Sensex, Nifty Trade Higher; Wipro Surges Post results

Business

oi-Sunil

By Sunil Fernandes

Published: Monday, January 19, 2015, 9:34 [IST]

The Sensex and the Nifty opened the day higher led by strong gains in IT stocks like Wipro and HCL Tech.

The Sensex surged by a huge 120 points, while the Nifty rallied 34 points in trade. Leading the set of gainers from the Nifty was Wipro which jumped 5 per cent as results posted beat expectations. Reliance Industries on the other hand fell more than one per cent after its quarterly numbers failed to meet expecations.

Shares in DLF were seeing buying interest in trade. Hindustan Unilver which is set to declare results later today dropped more than pne per cent. The stock has had a stellar run in trade in the last few days.

Banking stocks were seeing good demand with ICICI Bank up one per cent and SBI also up in trade. Smaller public sector banks were subdued in trade.

Shares in Unichem were down 6 per cent after the company reported a sharp fall in net profits. Meanwhile, markets across Asia were trading higher. However, the Shanghai Composite fell a huge six per cent in trade a day ahead of its GDP numbers.

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