For Quick Alerts
For Daily Alerts

Markets End Higher Breaking 4-Day Losing Streak; Tata Motors Surges


Benchmark indices ended the day higher breaking a 4-day losing streak, in which the Sensex and the Nifty lost almost 7 per cent.

Markets End Higher Breaking 4-Day Losing Streak; Tata Motors Surges
The Sensex ended the day with gains of 34 points, while the Nifty gained 4 points in trade, as European markets staged a smart recovery on sharp bounce in crude prices. Hopes that OPEC members may agree to production cuts, saw a sharp spike in prices of crude, which led to a European market rally.

Tata Motors saw a spectacular rally with the shares surging almost 8 per cent in trade, after Deutsche Bank upgraded the stock to a buy. The other notable winners were Axis Bank, Vedanta and NTPC.

Bharat Heavy Electricals lost a huge 12 per cent after its results lagged street estimates. ONGC too declined after the company reported a dismal set of results.

Select banking stocks saw some recovery with IndusInd Bank and Yes Bank seeing some buying support. State Bank of India which had fallen by a huge 3 per cent saw in earl trade, ended flat.

Midcap stocks continued to see huge carnage. Just Dial fell 12 per cent, while Bata India and SAIL dropped by 4 per cent each.

Wockhardt Pharma dropped a huge 12 per cent in trade.

Meanwhile, most European markets were trading with sharp gains of around 1.5 per cent, after crude prices recovered in trade.

Read more about: sensex nifty
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
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