Global queues drive Indian markets in green
August 23rd, 2011
The Indian stock markets closed the second day of the week in the green, thanks to the positive sentiments in the global equity markets. The US markets having closed marginally in the green and considering that there is no bad news around, the Asian markets closed the day in the green. Hang Seng added 388 points, Taiwan Index rallied and added 237.64 points in trading session today.
The Indian markets too followed its Asian peers. Though weakness was visible in the early hours of trade, the direction is firmly in the green territory after the Eurozone stock markets opened. The Sensex closed the day at 16498.47 up 156.77. Nifty is up 50.10 points at 4948.90.
Top gainers of the day include TCS (up over 6%), Bajaj Auto (up over 4%), Infosys and Axis Bank (both up over 3%), BHEL, HCL Tech and Bharti Airtel (up over 2%). On the losing end are ONGC and Cipla (both down over 2%), Power Grid Corp, NTPC, Ranbaxy Labs and Tata Motors (all down over 1%).
The 20-script CNX IT had 19 shares in the green and only one in the red. TCS (BSE: 532540; NSE: TCS; ISIN: INE467B01029) saw some buying interest, possibly more from the investor community considering that the script looked much better than its peer Infosys. TCS closed that day at 983.05 up 65.00 or 7.08%.
Entry Filed under: Equity Markets, IT & ITes, Closing Bell
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