Indian Stocks end August Expiry in green - ICICI Bank : Treasury Research

Indian stocks ended in the green today amidst value-buying in select stocks. RBI's measures to meet the daily Dollar demand of PSU oil marketing companies, in a bid to contain forex market volatility, aided sentiment. Oil and gas shares rallied on the back of these measures. Further, intraday recovery in the Rupee aided gains in rate-sensitive stocks. The Sensex ended higher at 18,401.04 (+2.25%) and Nifty closed at 5409.05 (+2.35%).

The BSE Bankex ended higher at 10,142.98 (+1.64%). SBI ended lower at INR 1489.25 (-0.60%) and ICICI Bank ended higher at INR 806.70 (+1.26%).

Asian equities ended mostly higher today aided by value-buying in select counters following losses in the previous sessions. Nikkei ended higher by 0.91% amidst gains in exporters' stocks. Hang Seng extended morning session's gains to close higher by 0.84% as sentiment received support from positive corporate earnings reports. Kospi ended up by 1.22% led by technology stocks. Australia's ASX managed to recover from intraday losses to end the session higher by 0.10% on the back of gains in mining stocks.

Source : Equity Bulls

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