For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Markets End Higher; PSU Banking Stocks Gain

|

Benchmark indices ended the day higher for a second straight day, though markets closed lower for the week. Global cues were not very robust with most of Europe trading lower and Asian markets.

The Sensex ended the day with gains of 278 points, while the Nifty slipped 85 points in trade.

Markets End Higher; PSU Banking Stocks Gain
 

Today's gains were led by a surge in PSU banking stocks after reports that the new infra fund to be launched by the government may buy out distressed assets of some government banks. This led to a spectacular rally in some of the banking stocks like Canara Bank, Bank of India and State Bank of India.

Shares in Bajaj Finance were the star performer in trade, after its results surprised the markets. The stock hit a new 52-week high in trade. Dishman Pharma too ended the day higher after its results beat street estimates.

The midcap index rallied sharply, after PSU banking stocks gained ground there. Jindal Steel, Reliance Capital and SKS were the big gainers from the space.

Lupin rallied after the company reported better than expected quarterly numbers.

Goodyear India and Eicher were the other stocks that gained on the back of good results. Meanwhile, markets across Europe were trading mixed with the German DAX down, while the French CAC and the UK's FTSE higher.

GoodReturns.in

Read more about: sensex nifty
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