Sensex, Nifty Close Higher As Global Markets Rally

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    Indian markets closed the day sharply higher after global markets rallied on hopes that there would be an early resolution to the debt crisis in Greece.

    Sensex, Nifty Close Higher As Global Markets Rally
    Indices
    The Sensex ended the day with gains of 184 points, while the Nifty rallied 60 points in trade. Leading the set of gainers from the Nifty were heavyweight stocks like HDFC, which gained a huge three per cent. Other stocks that gained were Jindal Steel and Power, Tata Power and HDFC Bank.

    Shares in Hero Motor Company was the top loser in trade after reports that the promoters were selling a stake in the company. The stock was down a huge 5 per cent.

    Stocks like DLF, Bharti Airtel, ONGC and Bajaj Auto were the stocks that declined from the Nifty. Shares in Suzlon continued to see bargain buying after the Sun Pharma promoter bought a stake in the company.

    Shares in government owned banks ended the day much higher after reports of capital infusion in these banks.

    State Bank of India, Punjab National Bank and Bank of Baroda were among the gainers in trade. Meanwhile, markets across Asia ended the day sharply higher after strong closings across the US markets.

    European markets were also having a solid session in trade with the German DAX, French CAC and the UK's FTSE all higher.

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