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Sensex Ends Higher On GST Hopes; Dr Reddy's Crashes

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Benchmark indices ended the day higher, as global cues remained strong on hopes of ECB stimulus in Europe. Markets were also optimistic that the GST Bill would sail through in the winter session of Parliament, which saw fresh buying support.

The Sensex ended the day with gains of 182 points, while the Nifty rallied 52 points in trade. Leading the set of gainers from the Nifty was Sun Pharma which gained a huge 4 per cent on reports that the company was shelving plans to invest in the wind energy business.

Sensex Ends Higher On GST Hopes; Dr Reddy's Crashes
Another pharma company, Dr Reddy's fell 7 per cent in trade, after the US FDA raised some serious worries against best manufacturing practices at some of the company's plants.
 

Notable Nifty gainers in trade were Tata Motors, Tata Steel Reliance and Coal India. Lupin, TCS and Bajaj Auto saw selling pressure in trade.

Metal stocks had a very good trading session with Tata Steel, Jindal Steel and Hindalco among the gainers.

Banking shares ended the day higher, though Bank of India touched a new life time low of Rs 123.45, during the day.

Shares in DLF gained after promoters hiked their stake in the company. Meanwhile, markets across Asia ended the day higher led by gains in the Seoul Composite and the Taiwan Weighted.

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