February 27 2020
Oil & gas, bank stocks lift Sensex 95 points
14 August 2012

Domestic stock markets ended the session on Tuesday with gain of over 0.5 per cent after better-than-expected figures on inflation took the market by surprise.

The Sensex ended at 17,728.20, up 94.75 points or 0.54 per cent, while the Nifty ended at 5,380.35, up 32.45 points or 0.6 per cent.

Tata Motors, Tata Steel, Jindal Steel, ICICI Bank and ONGC were the top five Sensex gainers, while the top five laggards were Sun Pharma, HDFC, Sterlite, Bajaj Auto and Hindalco.

Movement was seen in oil and gas, banking, metal and PSU stocks, while healthcare and pharma, power and realty sector stocks took a hit.

According to market watchers, market sentiment was buoyed after better-than-forecast WPI data was announced raising hopes of a possible rate cut by RBI in the next policy review scheduled for September.

Inflation for July stood at 6.87 per cent against 7.25 per cent in June.

European stocks gained as a report showed German growth slowed less than forecast, and as there was news that policy makers were discussing steps to boost the economy at Bank of Japan’s last meeting.

Also, investors were awaiting US retail sales and consumer prices data due later in the day.



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