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Nifty Ends Higher As Reliance Rallies; Global Markets Quiet

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Benchmark indices ended the day higher even as global cues were quiet. European markets edged higher, while Asian markets closed with losses, after the Shanghai Composite dropped more than 2 per cent in trade.

The Sensex ended the day with gains of 134 points, while the Nifty ended higher by 46 points. Leading the set of losers from the Nifty were metal stocks like Vedanta and Hindalco.

Nifty Ends Higher As Reliance Rallies; Global Markets Quiet
ITC also dropped and was the other heavyweight loser along with HDFC. Heavyweight, Reliance was among the top gainer today along with Maruti Suzuki.
 

Container Corporation ended the day lower after the Government's stake sale in the company. Maruti Suzuki, which has seen a significant erosion in its share price lately was up 1 per cent, after the company launched the much awaited Vitara Brezza.

IT stocks saw some buying support with TCS and Infosys among the gainers. Syndicate Bank continued to fall, following a raid by the CBI on the bank. The stock was down 4 per cent in trade. Just Dial which was down substantially in morning trades, managed to recover and ended the day higher. The stock has been severe bouts of volatility in the last few sessions.

Meanwhile, most of Europe was trading with gains, with the German DAX, the French CAC and the UK's FTSE trading higher. This was after a drop in the Asian markets.

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