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Buoyed By Heavy Buying In Bank And Metal stocks, Sensex And Nifty End On A High Note
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Equity benchmark indices Sensex and Nifty ended higher in highly volatile trade buoyed by heavy buying in bank and metal stocks, a firm trend in global markets and optimism over India-EU FTA.
The 50-share NSE Nifty surged 126.75 points or 0.51 per cent to end at 25,175.40.
From the 30-Sensex firms, Adani Ports, Axis Bank, Tata Steel, Tech Mahindra, NTPC, State Bank of India, UltraTech Cement and Bharat Electronics were among the biggest gainers.
Axis Bank jumped over 4 per cent after the firm reported a 4 per cent growth in its December quarter net profit to Rs 7,010.65 crore against Rs 6,742.99 crore in the year-ago period.
In contrast, Mahindra & Mahindra, Kotak Mahindra Bank, Asian Paints, Eternal and ITC were among the laggards.
India and Europe had announced the sealing of an ambitious free trade agreement — billed as “mother of all deals” — that came against the backdrop of a fractious global environment and trade disruptions largely caused by Washington’s policy on tariffs.