India Market Review: Stocks close positive

India Market Review: Stocks close positive

Amid a choppy session, Indian markets managed to close positive with BSE Sensex at 17165 and NSE Nifty 28 points higher at 5153.

Ranbaxy Labs was the star performer of the day. The pharmaceutical major was trading higher since the start of trading session and touched intraday high of Rs 512. The stock closed Rs 20 higher on NSE at Rs 506.5.

Other stocks which gained in today's session were Cairn India, Cipla, Tata Motors and ICICI Bank. Wipro, TCS and Infosys closed higher among technology stocks. Reliance helped the indices close higher with a gain of nearly 2.2% at Rs 852. Grasim, HUL, HCL Tech, PNB, Sterlite Industries, Siemens, DLF and Kotak Mahindra were marginally higher.

Among Asian markets, Taiwan Index closed marginally higher. Nikkei and Straits Times closed with small gain while Hang Seng was down.

European markets were trading little lower compared to yesterday's close. FTSE, CAC and DAX were all in red. US markets were trading lower during early session. Dow Jones Industrial Average was down by 0.4% while Nasdaq was down by 0.5 per cent.


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