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Sensex, Nifty End With Marginal Gains; End 2-Day Losing Run

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In volatile trade, Indian equity benchmarks Sensex and Nifty ended only tad higher supported by buying in select heavyweights such as RIL and HDFC. At close, the Sensex is up 42.28 points at 40,487.43, while Nifty was up 15.50 points at 11,937.

Sensex, Nifty End With Marginal Gains; End 2-Day Losing Run
 

On the Nifty major gainers on December 9 were stocks like Axis Bank, BPCL, HDFC, Adani Ports and Maruti Suzuki, whereas top losers include TCS, HCL Technologies, Cipla, Zee Entertainment.

Yes Bank shares trade only marginally higher by 0.71%., erasing early gains, on reports that the board of the private sector lender in its Tuesday's meet is likely to reject Canada's Braich offer of $1.2 billion.

Shares of Coffee Day Enterprises declined by as much as 14.5% to Rs. 41.15 on the NSE. The sale of the company's technology park to Blackstone Group has been reportedly stalled as one of the creditors has not given a go-ahead for the deal.

Jagran Prakashan trades lower by 7% at Rs. 57.45 on the BSE after the company approved the buyback of the company's fully paid-up equity shares for an aggregate amount not over Rs. 1,01,25,00,000 at a price of Rs. 75 per share.

Asian stocks also climbed higher in trade today taking cues from the Wall Street which offered a positive sentiment after a better than expected US jobs data.

Japan's benchmark Nikkei edged up 0.3% while South Korea's Kospi rallied 0.6%.

Meanwhile, rupee shed its early morning losses and was trading higher at 71.12 per US dollar.

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