Markets Ends The Day Higher As Dow Hits Record High

Record highs for the Dow Jones and the S&P 500 pushed the Indian indices higher.

Updated: Wednesday, November 23, 2016, 15:32 [IST]

Record highs for the Dow Jones and the S&P 500, pushed global indices higher, with the Sensex ending trade higher by 91.03 points, while the Nifty gained 31 points in trade.

Markets Ends The Day Higher As Dow Hits Record High

Metal stocks were the stars in trade with Vedanta ending higher by 5 per cent, while Hindalco surged 4 per cent in trade. Other notable gainers were NTPC and Lupin. Shares in HDFC and Mahindra and Mahindra were the top losers in trade.

Shares in Larsen and Toubro surged 3 per cent after the company reported better than expected results.

Among the non index stocks Ushdev International saw its share price drop by 5 per cent at Rs 217. The shares were locked at the lower end of the circuit filter with only sellers in the counter.

Pharma major, Wockhardt continued to have problems with the US FDA, with the authority issued letters to CP Pharma, the subsidiary of Wockhardt.

Another non index stock that was in the limelight was A2Z Infra, which surged after reports that its subsidiary planned to settle a debt obligation of Rs 416 crore.

Midcap stocks which were hammered out of shape in the recent market carnage also managed to gain some ground. IDFC and JSW Energy were the biggest gainers from the space.

Meanwhile, the rupee was last trading at 68.47 to the US dollar.

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