Market Watch

Wednesday 16 July 2014

Stock Tips Alert : Sensex Trades in Green


The S&P BSE Sensex rallied over 100 points in trade on Friday, led by by gains in banking stocks such as ICICI BankBSE 3.62 %, SBI and Axis BankBSE 2.40 %.
The BSE Sensex was trading 0.45 per cent higher or 114.54 points at 25,343.19. It hit a low of 25,246.75 and a high of 25,377.99 in trade today.
Shares in India's NIIT Technologies Ltd slump more than 7 percent on Wednesday, adding to Tuesday's 11.8 percent fall after company's April-June profit halved to 448.2 million rupees ($7.46 million) due to spending cuts at two major U.S.-based clients. 
Shares of IDFC Ltd (IDFC.NS) up 6.6 percent, as the Indian infrastructure lender is seen as one of the main beneficiaries.
Among lenders, State Bank of India gains 1.8 percent, ICICI Bank  rises 3.1 percent, while Axis Bank  adds 2.2 percent.

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