Stock Market Closing

[RaahiShah]

BSE SENSEX and NIFTY ended on a firm note with SENSEX rising 183 points to 16,823.14 and NIFTY gained 53 points and closed at 5,096.65. The fall in the European markets have impacted the Indian markets as European markets have rallied quite sharply yesterday. The top NIFTY gainers include STERLITE, TATAMOTORS and TATA STEEL with 4.5%, 4.4% and 3.7% gains respectively. However, country’s largest lender SBIN plunged more than 3% whereas its rivals ICICI BANK and HDFC BANK gained 2% and 0.4% respectively. State-owned power equipment manufacturer BHEL was down 1.7% whereas two-wheeler major HEROMOTO CORP tanked 2%. The broader markets, which gained more than 1% in early trade, were caught in a bear grip.
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