Markets End The Day Higher, IT Stocks Lower

Benchmark indices ended the day higher, led by gains in metal stocks like Vedanta and Hindalco. Global cues were strong, with European markets trading higher, while Dow Futures also pointed to higher openings for the US markets.

The Sensex ended the day with gains of 222 points, while the Nifty jumped 67 points in trade.

Select banking stocks like ICICI Bank and HDFC Bank contributed to the gains. IT stocks were weak with Tech Mahindra, HCL Tech and Infosys being among the losers.

Among the small cap stocks, J M Financials was among the top gainers, jumping as much as 12 per cent in trade. Shares in TCS ended the day marginally higher, ahead of results to be declared later today.

Mahindra and Mahindra Financial Services was another stock that jumped in trade. Shares in Hindustan Composite had a good trading session after the company reported partial resumption at its Aurangabad plant.

Among the major gainers in trade were Vedanta, NTPC, ICICI Bank and Shree Cement.

Hero MotoCorp had a weak session in trade and ended the day lower. Markets are expected to be increasingly volatile in the coming days.