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Markets End Higher; Metal Stocks Bounce Back

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Benchmark indices ended the day higher ahead a day after the Reserve Bank of India (RBI) kept repo rates steady in its policy meet.

 

The Sensex ended the day with gains of 151 points, while the Nifty rallied 51 points in trade. Check top Sensex gainers and losers

Markets End Higher; Metal Stocks Bounce Back
Indices
Leading the set of gainers in trade were metal stocks like Tata Steel and Vedanta.

Shares in IT companies saw good buying support after the rupee weakened against the dollar. Infosys, TCS and Wipro were among the gainers in trade.

Canara Bank which declared its quarterly numbers came in for some selling pressure today, after its results disappointed the street.

ICICI Bank, Coal India and Axis Bank were the top losers from the Nifty in trade. Hero Motor Corp ended the day higher after Barclays raised the target price on the stock.

Claris Lifesciences fell a huge 7 per cent after reports that there were Income Tax raids at several premises of the company.

Nestle shares rallied a huge 6 per cent after the Food Safety and Standards Authority of India-approved lab found Maggi noodles safe.

 

Meanwhile, markets across Asia ended the day mostly higher, while the European indices like the German DAX and the French CAC were trading with gains of more than one per cent.

GoodReturns.in

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