Sensex Closes Above 28,000 Points As IT Stocks Rally

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    The Sensex closed with smart gains above the 28,000 points mark as buying in IT stocks fuelled a fresh rally on the bourses.

    The Nifty ended the day with gains of 69 points, while the Sensex rallied 265 points in trade.

    Leading the set of gainers were IT majors Infosys, TCS and Wipro. Select foreign brokerages continue to be bullish on the IT space which fuelled sustained buying.

    Sensex Closes Above 28,000 Points As IT Stocks Rally
    Indices
    Banking stocks were subdued in trade with stocks like IndusInd Bank, ICICI Bank and Axis all ending the day flat.
     

    Shares in DCB, which reported a weakish set of results ended the day sharply lower after its asset quality deteriorated. The stock lost almost 7 per cent in two trading sessions.

    Top losers from the Nifty in trade were Jindal Steel, Bank of Baroda and Punjab National Bank.

    SUN TV also lost heavy ground after reports that the company may not be permitted to participate in the recent radio auctions as the license renewal for its TV channels remains an issue with the Ministry of Home Affairs.

    Yes Bank also had a weakish session in trade with the stock ending down almost one per cent.

    Meanwhile, markets across Europe were trading marginally lower, while gains were seen across most Asian markets today.

    GoodReturns.in

    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

    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