For Quick Alerts
For Daily Alerts

Nifty Ends Higher On Solid Global Cues; Defensives Surge


Benchmark Indian indices rallied in trade following a solid set of global cues even as banking stocks fell as investors digested the 50 basis points cut by the RBI.

The Sensex ended the day with gains of 376 points, while the Nifty rallied 105 points in trade. A sharp rally in stocks from the IT and FMCG pushed indices higher.

Check Sensex gainers

 Nifty Ends Higher On Solid Global Cues; Defensives Surge
Today's rally was led by the badly battered mining and metal stocks with Tata Steel, Coal India and NMDC being the prominent gainers. Other stocks that gained in trade were heavyweights ITC and Infosys.

Stocks that have seen heavy selling pressure in the past like Bharti Airtel and Bhel also found buyers at lower levels.

Banking stocks were badly hit in trade and did not participate in today's rally. Axis Bank, Bank of Baroda, Canara Bank, Yes Bank, State Bank of India and Kotak were among the major losers in trade.

Tata Motors saw buying support despite S&P revising the company's outlook to stable from positive. Tata Steel ended the day with gains after reports that steel companies were set to increase prices.

Meanwhile, markets across Asia ended the day higher led by gains in the Japanese Nikkei. The Shanghai Composite and the Hang Sang were the other markets that gained.

European stocks were up more then 2 per cent after the battering received in the early part of the week.

Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'
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