Indian Markets gain around 0.5% on fuel price hike news - Eastern Financiers

Markets on the last day of week impelled marking gains of around half a percent amid reports of gradual hike in fuel prices along with assenting global markets that surged with Japanese shares poised for their biggest annual advance since 2005, after a report that the country's consumer prices fell fanned speculation that the central bank may respond to government calls for more asset purchases.

Buying was witnessed across the board, except for Banking and Healthcare that shaved off marginally less than two tenths of a percent. Broader markets piled up gains of about 0.3-0.8%.

Nifty ended the day marginally above the 5900 mark at 5908.35 with gains of 38.25 points and the Sensex added 121.04 points that parked the index at 19444.84.

Source : Equity Bulls

Keywords