Nifty Ends The Day Higher; GAIL Leads The Rally

It was a volatile day of trade for the Indian markets, which fluctuated between gains and losses to end the day higher. The Sensex ended the day with gains of 172 points, while the Nifty gained 53 points in trade.

Shares in GAIL was the top gainer in trade, rallying almost 5.5 per cent, after falling to a 52-week low on Tuesday. A few other Nifty stocks that gained were NTPC and Zee Entertainment.

However, Yes Bank shares had no such luck and fell almost 15 per cent in trade today. Investors continued to worry about the fund raising plans at the bank. The shares of Yes Bank has been one of the most volatile shares in recent times. Other Nifty losers were HeroMotor Corp, Hindalco and Vedanta.

Shares in Kotak Mahindra Bank hit a record high on sustained buying support. Among the non index stocks, TV Today Network fell as much as 7 per cent, to a new 52-week low. There were no reasons for the fall.

Meanwhile, European markets were trading with gains led by the German DAX. US Dow Futures were also pointing to higher openings, which pushed European indices higher.