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Nifty Breaks 4 Day Losing Streak; Surges 114 Points


The Sensex and the Nifty surged in trade at the beginning of the first day of the new F&O series. Buying was seeing in banking shares ahead of the RBI's Monetary Policy along with telecom.


Nifty Breaks 4 Day Losing Streak; Surges 114 Points
The Sensex ended the day with gains of 328 points, while the Nifty gained 114 points in trade. Leading the set of gainers was Bharti Airtel, Coal India, GAIL and Maruti Suzuki.

Shares in Sun Pharma ended higher ahead of results to be declared later. BOSCH which made its debut on the Nifty in trade today ended the day higher despite its results disappointing the street.

Software stocks ended the day mixed with TCS and Infosys almost flat, while HCL Tech saw buying support.

Banking stocks saw good buying support ahead of the RBI's Monetary Policy next week. Kotak Bank, Yes Bank and IndusInd Bank were among the gainers. Stocks that were included in the MSCI India Index including UPL and Bharti Infratel gained ground.

Telecom stocks saw a huge surge in their stock prices with Idea joining Bharti higher. Both ended with gains of almost 3 per cent.

Aurobindo Pharma gained a huge 6 per cent after the company's board approved dividend of shares. Kaveri Seeds rallied after the company's shares were included in the F&O segment.

Meanwhile, markets across Asia ended the day mixed, while Europe was seeing deep cuts in trade. The German DAX was down almost one per cent in trade.

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