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Nifty Ends The Day Higher; Global Cues Remain Strong

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Benchmark indices ended the day flat, as global cues remained strong, after a rally across Asia and European markets.

 

The Sensex was trading with gains of 79.64 points, while the Nifty rallied 23 points in trade. Leading the set of gainers from the Nifty and the Sensex were stocks like Hindustan Unilever, which rallied 3 per cent on buying support.

Nifty Ends The Day Higher; Global Cues Remain Strong
Heavyweight, Reliance Industries and Sun Pharma were the other gainers in trade. ITC lost 2 per cent on worries that there maybe fresh taxes on tobacco.

Maruti on the other hand lost ground after the company declared a lock-out at its Haryana Plant after riots in the city there.

Wipro, Gail and NTPC were the other losers in trade. Banking stocks ended the day mixed with Canara Bank and Bank of Baroda falling in trade, while State Bank of India and Yes Bank gained ground.

Midcap stocks ended the day in line with the index stocks. However, select shares like Union Bank of India and Jindal Steel lost ground.

ONGC gained ground in trade after crude oil prices staged a rally. Cairn India too saw buying support. Meanwhile, in Asia most of the markets ended the day higher, while Europe was trading with gains.

 

GoodReturns.in

Read more about: sensex nifty wipro gail ntpc
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