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Sensex Ends Sharply Higher On Solid Global Cues; HDFC Leads


Shares in HDFC, which were badly battered on Wednesday made smart recovery to lead indices higher. Strong global cues from Europe pushed benchmark indices higher following better handover from the US.

Sensex Ends Sharply Higher On Solid Global Cues; HDFC Leads
The Sensex closed the day higher by 320 points, while the Nifty ended the day higher by 113 points. HDFC led gainers after a solid surge of more than 4 per cent, though most of the banking stocks also contributed to gains.

Check Nifty gainers and losers

Metal stocks clearly stood out in trade with Tata Steel and Vedanta gaining almost 4 per cent each.

IT stocks did not contribute much to gains and ended the day flat in a rising market. Hero Motor Corp continued to dip and ended the day lower.

Mid cap stocks saw also saw robust gains in trade with Motherson Sumi, Tata Global and JSW Energy among the gainers.

Caplin Point jumped 10 per cent in trade after receiving approval from Brazil's National Health Surveillance Agency for sterile injectable manufacturing plant.

VA Tech Wabag also rallied after the company won a contract. Bhushan Steel on the other hand gained after fund raising plans through a private placement.

Meanwhile, markets across Asia were trading with significant gains and Europe was higher ahead by almost 2 per cent awaiting a rate decision by the European Central Bank.

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