Sensex Ends The Day Higher; European Indices Surge

Updated: Thursday, July 14, 2016, 15:31 [IST]

Benchmark indices ended the day higher led by strong gains in ICICI Bank and Maruti Suzuki.

The Sensex closed the day higher by 126 points, while the Nifty ended the day higher by 45 points.

Sensex Ends The Day Higher; European Indices Surge

European indices were trading higher with the German DAX and the French CAC seeing gains of almost 1.5 per cent.

Infosys was the top loser in trade ahead of its numbers to be declared later tomorrow. The company has already warned of margin contraction.

ONGC was another stock that saw a sharp fall after crude oil prices fell. Mahindra and Mahindra and Sun Pharma were among the other losers in trade.

Shares in Ramly surged 6 per cent, after reports that APCO, Ramky Infra & GR were in the race for Delhi - Meerut Expressway worth Rs 2,000 crore.

PSU Banking stocks were once again in the limelight with Andhra Bank surging 4 per cent, while Syndicate Bank and Bank of India were the other stocks that surged.

Shares in Omkar Chemicals gained 5 per cent, fell after the company said that the promoter group has sold shares in the company.

Shares of the gold jewellery companies rose on Thursday after government relaxed excise duty rules on recommendation of committee. Gitanjali Gems shares were up 2 per cent at Rs 41.60. Tara Jewels was up 7.80% at Rs 40.10. Titan Company was up 1.68 at Rs 411 Tribhovandas Bhimji Zaveri was up 2.33% at Rs 72.50.

Meanwhile, the rupee was trading at 67 to the US Dollar.

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