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Sensex closes 70-pt Higher; Banking Stocks rise


Market closed in lower profits on the Weekended Friday. The Sensex closed with moderate gains at 40356.56, up by 70 points, with major gains in Bharti Airtel, SBIN, Kotak Bank and Sun Pharma up to 8%. The Nifty y marked at 11895, up by 23 points with top gainers in Infratel, Airtel, SBII, Zeel, and Grasim.

Major losers in the Nifty were IOC, Hero MotorCorp, BPCL, Maruti and Vedanta up to 3.87%

For the week, The Nifty-50 index was down 0.1 percent, while the Sensex closed 0.08 percent up, for the week.

The Nifty PSU Bank sectoral stocks gained with index advancing by 3.50 %. Central Bank, SBI, Bank of India and Syndicate Bank were among major runners. For Free stocktips visit our website.

Shares of Bharti Infratel closed 8.9% higher and was the top gainer in the Nifty 50, while Indian Oil Corp was the top loser, closing down 3.8%. Central Bank, State Bank of India and Bank of India were top gainers in the PSU Bank Index.

Steel stocks reacted with the Supreme Court order in Essar’s insolvency case. The nifty metal index slipped 0.40%. Jindal Steel rose 2.94%, while MOIL, Hindustan copper and Sail slipped up to 5%. Get the best stock Tips from the experts.