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Sensex Ends Higher Ahead of Inflation Data


The Sensex and the Nifty ended the day higher again led by gains in capital gains stocks, following strong IIP data numbers.

Sensex Ends Higher Ahead of Inflation Data
Banking stocks also were higher ahead of the CPI data due later today. Analysts are expecting inflation data to be mildly higher.

The Sensex ended the day with gains of 165 points, while the Nifty closed the day higher by 53 points. Leading the gainers was capital goods major Bhel, along with Larsen and Toubro and index heavyweights, ITC.

Losers from the Nifty was Gail, which fell after a leading foreign brokerage firm downgraded the stock. Other losers were Mahindra and Mahindra, Hindalco and Sesa Sterlite.

IT stocks ended the day having a good session with TCS, Oracle and Infosys among the gainers. Banking stocks had a quiet session in trade with ICICI Bank, Axis Bank, State Bank of India and Canara Bank ending the day almost little changed.

Meanwhile, markets across the globe were trading steady after having rallied significantly in the last few weeks. Asia ended with gains with the Hang Sang seeing another huge rally in trade.

European markets were absolutely flat trading between losses and gains. The German DAX was up by 8 points, while the French CAC was up 21 points.

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