Sensex, Nifty Open Flat; SBI Gains Ahead of Results

Posted By:
Subscribe to GoodReturns
For Quick Alerts
Subscribe Now  
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Benchmark indices were trading firm led by State Bank of India which is set to declare results later today.

    Sensex, Nifty Open Flat; SBI Gains Ahead of Results
    Indices
    The Sensex was trading with gains of 55 points at 27,864 points, while the Nifty was trading higher by 8 points. Leading the set of gainers apart from SBI were GAIL, ICICI Bank, Cipla and Lupin.

    Shares in oil exploration companies like ONGC and Cairn India gained ground after crude oil prices rallied. Both the stocks were up one per cent each.

    Software stocks which have seen buying support through the week were seeing some profit booking in trade.

    ITC which is set to declare results later was also trading with gains of one per cent. Bajaj Auto which had surged a huge 7 per cent on Wednesday gave up gains and was trading one per cent lower.

    PSU banking stocks like Bank of Baroda, Punjab National Bank and Syndicate Bank were all higher ahead of results from State Bank. The expectations are that the bank will see an improvement in asset quality.

    Claris Lifesciences which had surged a huge 10 per cent in trade on Wednesday following reports of sale of injectables business to Torrent lost ground.

    Meanwhile, markets across Asia were trading with gains after record closings across the US markets.

    GoodReturns.in

    Read more about: sensex nifty
    Story first published: Friday, May 22, 2015, 9:33 [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

    Get Latest News alerts from Goodreturns

    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