BSE Bankex ends higher at 12829.72 - ICICI Bank : Treasury Research

Indian equities ended higher today, aided by positive cues from Asian and European peers. Value-buying by investors in select stocks following a fairly subdued session of trade yesterday aided the benchmark indices. Today's primary leaders were FMCG, realty and banking stocks. The Sensex ended at 20,302.13 (+0.71%) while Nifty closed at 6077.80 (+0.76%).

The BSE Bankex ended higher at 12,829.72 (+1.29%). SBI ended higher at INR 1861.10 (+2.03%) while ICICI Bank ended up at INR 989.80 (+1.54%).

Asian stocks ended in the green today amidst upbeat sentiment following Chinese Premier Li Keqiang's comments that the government would take all efforts to ensure that China's economic growth does not fall below 7%. Shanghai Composite and Hang Seng ended higher by 1.95% and 2.33% respectively. Kospi also closed higher by 1.27%, led by gains in index majors like Samsung Electronics and POSCO. Nikkei ended higher by 0.82% while Australia's ASX closed up by 0.30% led by financials and mining stocks.

Source : Equity Bulls

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