For Quick Alerts
For Daily Alerts

Sensex Rallies For Third Day In Row; Metals Bounce Back


Benchmark indices gained ground for the third straight day with the index gaining another 180 points on strong global cues. The Nifty added 54 points to trade at 7423 points, as metals staged a good bounce. Tata Metals, Vedanta and Hindalco led gainers in trade.

Banking stocks were trading mixed with ICICI Bank and State Bank seeing some early selling pressure, while Bank of Baroda gained. Tata Motors gained ground after its JLR sales in India grew by 54 per cent.

Sensex Rallies For Third Day In Row; Metals Bounce Back
Infosys saw huge buying support with the stock gaining 2 per cent in trade, making total gains during the last two days to near 5 per cent.

Heavyweight, Reliance Industries also saw a good bounce in trade. The stock was up 1.5 per cent. ITC, which rallied a huge 8 per cent, a day after the Union Budget, managed to gain 1 per cent.

PSU Bank saw some profit taking with Union Bank, Bank of Baroda and Canara Bank among the early losers in trade. Midcap stocks also saw some buying support with notable gainers being Sun TV, Wockhardt and JP Associates.

Meanwhile, markets across Asia were trading higher, led by gains in the Japanese Nikkei and the Straits Times. The rupee opened at 67.40 to the dollar, continue to strenghthen since the Union Budget.

Read more about: sensex nifty
Story first published: Thursday, March 3, 2016, 9:35 [IST]
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