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Sensex Ends Higher; Tata Steel, Sun Pharma Leads Gainers

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Benchmark indices ended the day higher as Asian cues remained robust with the Japanese Nikkei once again leading gainers in trade.

The Sensex ended the day with gains of 50 points, while the Nifty rallied 13 points in trade. Leading the set of gainers in trade were Tata Steel and Sun Pharma.

ICICI Bank also gained ground in trade. Shares in heavyweight ITC lost ground after the company's quarterly numbers lagged estimates.

 

Interglobe Aviation which shed as much as 20 per cent on Friday, lost another 7 per cent in trade on sustained selling pressure. Analysts were largely disappointed with the company's quarterly numbers.

Sensex Ends Higher; Tata Steel, Sun Pharma Leads Gainers
Midcap stocks largely managed to end the day flat in line with the benchmark indices. Banking stocks which had done remarkably well on Friday with a solid rebound, once again succumbed to selling pressure, apart from ICICI Bank.

Stocks from the banking space that lost ground in trade were Syndicate Bank, Canara Bank and Yes Bank. Analysts are awaiting a further set of results from other banks to see the extent of damage on the non performing asset numbers.

Shares in Force Motors jumped almost 6 per cent after the company's ' Q3 net profit jumped to Rs 27.4 crore versus Rs 10 crore (YoY).

Meanwhile, markets across Asia ended the day with gains led by the Hong Kong's Hang Sang. European markets were trading with marginal losses with the German DAX, French CAC and the UK's FTSE all down in trade.

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