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Sensex Breaks 6 Days Losing Streak; Reliance Surges


Benchmark indices ended the day higher led by a solid rally in Reliance, which surged a huge 3 per cent in trade. Reliance, is a heavyweight stock and any gains in it, tends to have an impact on the markets.

The Sensex ended the day with gains of 216 points, while the Nifty ended the day with gains of 70 points, breaking a day losing streak. Apart from Reliance, stocks that gained ground were Gail, ONGC, Hindalco and NTPC.

Sensex Breaks 6 Days Losing Streak; Reliance Surges
Banking stocks were weak ahead of next week's inflation data. Most of the stocks from the sector ended with losses. State Bank of India, Punjab National Bank, Yes Bank and ICICI Bank were weak.

Infosys was up after reports that the company had invested in a Israeli start-up. Mid cap stocks ended the day higher, after seeing huge falls in the last few trading sessions. GMR Infra, OFSS and Havells were the big gainers in trade.

Real estate stocks saw good buying interest after the Union Cabinet approved the Real Estate (Regulation and Development) Bill, 2015. Sobha Developers, Prestige Real Estate and Unitech were the biggest winners from the space.

ABG Shipyard rallied 3 per cent on measures for the shipbuilding industry announced by the government. Meanwhile, most of the Asian markets ended the day with losses, while Europe was also trading lower.

Read more about: sensex nifty ongc hindalco ntpc yes bank
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