15.35 PM: Nifty ends above 10,800, Sensex gains 228 pts on stimulus hopes from FM meet

Market Close: After a weak start Indian indices ended on positive note on August 23 on hopes of stimulus package from government.

Finance Minister Nirmala Sitharaman will hold a press briefing on Friday evening, a government spokesman said, amid expectations that the government would announce steps to revive economic growth, said Reuters.

After breaking 10,700 in the morning the Nifty rebounded from the lows and closed above 10,800 level.

At close, the Sensex was up 228.23 points at 36,701.16, while Nifty was up 88.00 points at 10,829.40. About 1310 shares have advanced, 1125 shares declined, and 130 shares are unchanged.

IndusInd Bank, ITC, ICICI Bank, Eicher Motors and Kotak Mahindra Bnak were among major losers on the Nifty, while gainers were Zee Entertainment, Vedanta, UPL, BPCL and Yes Bank.

Among sectors, except bank and FMCG other indices are ended higher led by the metal, auto, pharma, infra and IT.

News Source:- Moneycontrol.com

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