Social News XYZ     

Global rally; Q3 expectations push indices higher

Global rally; Q3 expectations push indices higher

Mumbai, Jan 8 (IANS) Broadly positive global bourses, coupled with stock-specific buying on the back of positive quarterly earning expectations pushed the Indian equity market higher on Tuesday.

Additionally, hopes of further liquidity infusion into the Non Banking Financial Companies (NBFC) sector buoyed investors sentiments and broke the market's range-bound movement.

 

Consequently, the S&P BSE Sensex settled 130.77 points or 0.36 per cent higher at 35,980.93 points after it shuttled 280 points between a high of 36,037.35 and a low of 35,753.95.

The NSE Nifty50 closed 30.35 points, or 0.28 per cent up at 10,802.15 points.

Stock-wise, the top gainers on Sensex were Sun Pharma, State Bank of India, ICICI Bank, Tata Motors and Yes Bank.

In contrast, Kotak Mahindra Bank, Bajaj Finance, HDFC Bank, Mahindra & Mahindra and Hindustan Uniliver finished at the bottom.

Facebook Comments
Global rally; Q3 expectations push indices higher

About Gopi

Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.

He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.

When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.

He can be reached at gopi@socialnews.xyz

%d bloggers like this: