The Indian markets ended the day on a robust note with the benchmark indices touching their three month highs. The Sensex ended higher by 247 points while the NSE-Nifty ended higher by 85 points. The BSE Mid Cap and BSE Small Cap indices ended with gains of 1.33% and 0.75% respectively.
Asian markets finished on a positive note at the most recent closing prices. Nikkei gained 0.67%, while the Hang Seng gained 0.43%. The rupee was trading at 63.495 against the US$.
Stocks in the engineering sector ended the day on a positive note with Bharat Heavy Electronics Ltd and Praj Industries Ltd leading the winners. Siemens has bagged a Rs 1.2 bn order from Power Grid Company of Bangladesh at two sites located in Dhaka. The scope of the work for the project would involves design, procurement, supply, installation, testing, commission of 230/132 KV GIS substation at Dhamrai. The stock of Siemens ended the day on a positive note.
Stocks in the banking sector ended the day on a positive note with IDBI Bank and Indian Overseas Bank leading the winners. The nation's freedom fighters who have been drawing their pensions from the State Bank of India for the past 43 years are believed to have shifted their accounts to other nationalised banks. The Home Ministry had decided to leave it to the pensioners regarding which nationalised bank they want to opt for. A senior Home Ministry official said around 6,000 freedom fighters have snapped their relations with SBI and have shifted their accounts to other banks in the last one month. The scheme commenced from August 15, 1972 and provided for grant of pension to living freedom fighters and their families.