Indian equities end in green, snapping two-session losing streak - ICICI Bank : Treasury Research

Indian equities ended in the green, snapping the two-session losing streak amidst firm cues from European peers. Positive earnings results detailed in today's session by companies such as Adani Enterprises, Welspun India and IRB Infrastructure aided sentiment. Also, value-buying in select stocks also lent support to the benchmark indices. Today's leaders were metal, realty and auto shares. Going ahead, markets are likely to watch out for any developments in the meeting of the Cabinet Committee of Economic Affairs, due later today. Meanwhile, Indian stock markets shall remain closed for trade tomorrow on account of a public holiday. The Sensex ended higher at 18,789.34 (+0.67%) and Nifty closed at 5565.65 (+0.84%).

The BSE Bankex ended higher at 11,204.07 (+0.59%). SBI ended lower at INR 1661.45 (-3.04%) while ICICI Bank ended up at INR 875.15 (+0.81%).

Asian stocks ended mostly higher today, as sentiment remained upbeat following better than expected trade data from China. Hang Seng ended higher by 0.31% and Australia's ASX closed higher by 1.07%. Kospi also closed higher by 0.30%, led by utilites. However, Shanghai Composite reversed all of its intraday gains on the back of profit booking and ended the session lower by 0.10%. Nikkei also ended lower by 1.59% as strength in the Yen weighed on the outlook for exporters' stocks.

Source : Equity Bulls

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