Closing Market Update:
Markets gains third straight day; Nifty holds 8550: Markets ended higher for the third straight session on Monday led by Wipro on robust earnings while banks extended gains on hopes that lower interest rates would help revive loan growth. The Sensex ended higher by 140.1 points at 28262 and the Nifty was up 36.9 points at 8550.7. The market breadth indicating the overall health of the market was positive. In the foreign exchange market, the rupee edged higher against the dollar as foreign investors stepped up purchases of the nation's bonds. On global front, in overseas markets, European stocks edged higher as traders bet on more stimulus this week from the European Central Bank (ECB).
Markets gains third straight day; Nifty holds 8550: Markets ended higher for the third straight session on Monday led by Wipro on robust earnings while banks extended gains on hopes that lower interest rates would help revive loan growth. The Sensex ended higher by 140.1 points at 28262 and the Nifty was up 36.9 points at 8550.7. The market breadth indicating the overall health of the market was positive. In the foreign exchange market, the rupee edged higher against the dollar as foreign investors stepped up purchases of the nation's bonds. On global front, in overseas markets, European stocks edged higher as traders bet on more stimulus this week from the European Central Bank (ECB).
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