Sensex ends 227 points higher, Nifty reclaims 12,200-mark; Ultratech Cement, Tech Mahindra, Axis Bank among top gainers

Extending its gains for the second session, market benchmark Sensex rose 227 points on Friday, tracking the rally in banking stocks amid a recovery in global equities

Press Trust of India January 24, 2020 16:26:06 IST
Sensex ends 227 points higher, Nifty reclaims 12,200-mark; Ultratech Cement, Tech Mahindra, Axis Bank among top gainers
  • After opening on a weak note, the 30-share BSE index settled 226.79 points, or 0.55 percent, higher at 41,613.19 -- hitting an intra-day high of 41,697.03 and a low of 41,275.60

  • Likewise, the broader NSE Nifty closed 67.90 points, or 0.56 percent, up at 12,248.25

  • Ultratech Cement was the top gainer in the Sensex pack, advancing 2.44 percent, followed by Tech Mahindra, Axis Bank, Titan, Kotak Bank, ICICI Bank and Bajaj Finance

Mumbai: Extending its gains for the second session, market benchmark Sensex rose 227 points on Friday, tracking the rally in banking stocks amid a recovery in global equities.

After opening on a weak note, the 30-share BSE index settled 226.79 points, or 0.55 percent, higher at 41,613.19 -- hitting an intra-day high of 41,697.03 and a low of 41,275.60.

Likewise, the broader NSE Nifty closed 67.90 points, or 0.56 percent, up at 12,248.25.

Ultratech Cement was the top gainer in the Sensex pack, advancing 2.44 percent, followed by Tech Mahindra, Axis Bank, Titan, Kotak Bank, ICICI Bank and Bajaj Finance.

On the other hand, PowerGrid, IndusInd Bank, Sun Pharma, TCS, RIL and Infosys, Maruti and HDFC Bank ended in the red.

According to traders, a rally in financial stocks ahead of the Union Budget is supporting domestic stocks.

Further, recovery in global markets after the World Health Organisation designated coronavirus infection an emergency for China, but not yet for the rest of the world, also buoyed benchmarks.

Bourses in Hong Kong and Japan ended on a positive note, while markets in China, Taiwan and South Korea were closed for a holiday on Friday.

European markets were also trading higher in their early sessions.

Brent crude oil futures rose 0.15 percent to $62.13 per barrel.

The rupee depreciated 6 paise to 71.32 per US dollar (intra-day).

Updated Date:

Subscribe to Moneycontrol Pro at ₹499 for the first year. Use code PRO499. Limited period offer. *T&C apply

also read

Market roundup: Sensex rallies over 1,000 pts, Nifty ends at 14,982 in extended session
Business

Market roundup: Sensex rallies over 1,000 pts, Nifty ends at 14,982 in extended session

Trading was extended till 5 pm today in both the NSE and BSE after a technical glitch halted trade for over four hours in the national stock exchange

Sensex tumbles by over 300 points in early trading; Nifty falls below 15,300
Business

Sensex tumbles by over 300 points in early trading; Nifty falls below 15,300

Nestle India was the top loser in the Sensex pack, shedding around 4 percent, followed by ONGC, HDFC, TCS, PowerGrid and ICICI Bank

Sensex extends losses amid global weakness; HDFC twins drag, SBI, Powergird among top gainers
Business

Sensex extends losses amid global weakness; HDFC twins drag, SBI, Powergird among top gainers

The 30-share BSE Sensex slumped 400.34 points or 0.77 percent to close at 51,703.83 while the broader NSE Nifty tumbled 104.55 points or 0.68 percent to 15,208.90