Nifty Ends The Day Higher; IT Stocks Fall

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Benchmark indices ended the day higher after trading in a tight range for most of the day. This was due to a solid rally seen across the global and Asian markets after a sharp rally in crude oil prices.

    The Sensex closed the day higehr by 102 points, while the Nifty closed higher by 24 points.

    Nifty Ends The Day Higher; IT Stocks Fall
    Indices
    Leading the set of losers were stocks from the IT pack. HCL Tech saw heavy selling pressure. In fact, the stock of HCL Tech fell to a new 8 month low in trade and has dropped 16%, since sounding a revenue warning.
     

    Infosys also dropped lower, ahead of the company's quarterly results to be declared later on Monday. Banking stocks had a mixed spell in trade with private sector names like Axis Bank and ICICI Bank falling in trade, while Punjab National Bank and Canara Bank were among the winners.

    Glenmark Pharma fell after the Delhi HC restrained the company from selling anti diabetes drug. Real estate stocks saw some traction with Phoenix Mills rising after the company said that it had acquired a 19.38 percent equity stake in Gangetic Hotels.

    Meanwhile, markets across Asia ended the day with gains led by a sharp rally in the Hong Kong's Hang Sang and the Taiwan Weighted.

    GoodReturns.in

    Read more about: sensex nifty icici bank axis bank
    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