Indian Stocks end higher for second consecutive day amidst positive global cues - ICICI Bank - Treasury Research

Indian stocks ended higher for the second consecutive day amidst positive global cues. Meanwhile, today's parliament session was adjourned, leaving the decision on the Food Security Bill pending. Today's gains were led by banking and FMCG shares. The Sensex ended at 19,888.95 (+1.09%) while the Nifty closed at 6043.55 (+1.21%).

The BSE Bankex ended higher at 14,436.99 (+1.80%). SBI rose to 2256.35 (+1.40%) while ICICI Bank ended higher at 1163.75 (+1.69%).

Asian stocks ended in mixed territory today. Nikkei ended higher by 3.55% to close at a 5-year high of 14,180.24, led by gains in exporters' stocks. Shanghai Composite and Hang Seng closed higher by 0.20% and 0.58% respectively. Trade volumes however, remained thin ahead of key economic data releases from China due tomorrow. Kospi, meanwhile, ended lower by 0.36% on the back of profit-booking in auto stocks. Australia's ASX closed lower by 0.24%, with the RBA rate cut failing to provide much support to stocks.

Source : Equity Bulls

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