Nifty Hits Record High; Ends With Sharp Gains

Subscribe to GoodReturns
For Quick Alerts
For Daily Alerts

    The Nifty hit a new record high in trading ending the day with gains for the fourth straight day. The new record was thanks to the interest rate cut by the RBI which boosted sentiments.

    The Sensex closed the day higher by 144 points, while the Nifty closed the day at 522 points. Leading the set of gainers wad HDFC which single handedly propelled the indices. The stock ended the day higher by 6 per cent.

    Nifty Hits Record High; Ends With Sharp Gains
    Other notable gainers in trade were Sesa Sterlite, ITC, Axis Bank, Hindalco Industries and Tata Steel. Losers from the Nifty were Gail and Hindustan Unilever. The stock of HUL was down for the second straight day on a poor set of numbers.

    Suzlon Energy, Unitech, JP Associates and Sintex were among the top traded stocks on the NSE. Kotak Mahindra Bank shares rallied after the company reported a good set of numbers.

    Hathway Cable shares rose after the company's stock was upgraded by a foreign brokerage firm. Other stocks that rallied in trade were mid cap stocks like Voltas and Unitech.

    Tata Sponge which reported a poor set of results was among the losers after profits at the company dropped.

    Meanwhile, markets in Europe were trading with gains awaiting an ECB decision on a stimulus package. The German DAX, French CAC and the UK's FTSE were all trading higher.

    Read more about: sensex nifty
    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

    Notification Settings X
    Time Settings
    Clear Notification X
    Do you want to clear all the notifications from your inbox?
    Settings X
    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