Sensex Opens Higher On Strong Global Cues; IT Stocks Rebound

Business

oi-Sunil

By Sunil Fernandes

Published: Thursday, November 19, 2015, 9:30 [IST]

Benchmark indices opened the day strong on the back of a solid rally in the US, after minutes of the Fed meet released on Wednesday pointed to a more dovish view.

The US markets saw a solid closing of more than 1 per cent, while most of Asia was trading with gains of 1-2 per cent. Check gainers and losers

The Sensex saw gains of 181 points at 26,664 points, while the Nifty was up 52 points in trade. Leading the set of Nifty gainers was the badly beaten down IT sector, with Infosys, TCS and HCL Tech seeing a strong recovery.

The biggest gainers from the Nifty was Bajaj Auto and Vendanta. Shares in Coal India was trading flat after the government's decision on a stake sale in the company. The Unions have also opposed the proposed stake sale in the company.

Gail, Idea Cellular and Power Grid were the top Nifty losers in trade. Shares in Britannia were trading higher after reports that the company plans to scale-up its dairy unit into a full-fleged one

Eros Media, which was locked at the upper end of the circuit filter on Wednesday continued to see buying interest. The stock was up another 3 per cent in trade.

Meanwhile, most Asian markets rallied sharply in trade, following strong lead from the US. The Hong Kong's Hang Sang, the Singapore Strait Times and the Japanese Nikkei were all up 1 per cent in trade.

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