For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Sensex Trades Higher After Thursday's Carnage; Infy Leads Gainers

|

Benchmark indices opened the day higher, despite Asian markets continuing to see selling pressure with the Japanese Nikkei, down a huge 5 per cent.

The Sensex was trading with gains of 65 points, while the Nifty was up 17 points in trade. Leading the set of gainers was Axis Bank, which jumped a huge 4 per cent in trade. Other notable winners were Infosys, Vedanta and Wipro.

Sensex Trades Higher After Thursday's Carnage; Infy Leads Gainers
Shares in ONGC slumped following a dismal set of results, in which net profits fell as much as 64 per cent. Bhel too reacted to its results with the stock falling a huge 12 per cent in trade.
 

The midcap index came in for some severe selling pressure with Bank of India falling 4 per cent, while other stocks like Canara Bank, Jubilant Foodworks, Just Dial, Allahabad Bank and Syndicate Bank saw cuts of 4 per cent each. Wockhardt Pharma was the biggest loser in trade from the pharma space, dropping a huge 11 per cent.

Tata Steel was down after Moody's downgraded its credit ratings. The stock has seen significant downside since reporting its results.

Almost all of the PSU banking stocks hit fresh 52-week lows, including the likes of Canara Bank, Oriental Bank, Syndicate Bank, Punjab national Bank and Bank of Baroda.

Meanwhile, Asian markets continued to see deep selling pressure with the Japanese Nikkei, The Seoul Composite, the Hong Kong's Hang Sang and the Taiwan Weighted all lower in trade.

GoodReturns.in

Read more about: sensex nifty infosys
Story first published: Friday, February 12, 2016, 9:36 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
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