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Sensex Rallies As Greece Approves Bailout Plan


Benchmark indices gained ground with most Asian markets also trading higher after Greece parliament approved a bailout plan of creditors for the country.

Sensex Rallies As Greece Approves Bailout Plan
IT Stocks continued to rally for a second day in a row pushing the Sensex higher by almost 100 points and the Nifty up by 29 points in trade.

Leading the set of gainers was Infosys, TCS and Wipro. Banking stocks also lent support to the indices with HDFC Bank, Yes Bank and ICICI Bank among the early gainers.

Shares in SUN TV continued to decline for a third day in a row after the company was not allowed to participate in the FM auctions. There are fears that the company's television licences may not be renewed.

Top Nifty gainers in early trade were Tata Steel and HDFC. Shares in oil marketing companies were trading higher despite a cut in petrol prices. BPCL and HPCL were both trading with gains.

Bharti Airtel, Larsen and Toubro and GAIL were the few Nifty losers in early trade.

Meanwhile, markets across the globe continued to trade higher following the approval of Greece parliament to a new deal. The Japanese Nikkei, Strait Times and the Korean Kospi were all higher in trade.

Read more about: sensex nifty
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