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:

also read

Market Roundup: Sensex climbs 433 points, Nifty ends above 15,800; check top gainers and losers
Business

Market Roundup: Sensex climbs 433 points, Nifty ends above 15,800; check top gainers and losers

Markets ended higher for the third consecutive session led by a rally in IT stocks and positive global sentiment

Market Roundup: Sensex climbs 462 points; Nifty ends at 15,699; check major winners and laggards
Business

Market Roundup: Sensex climbs 462 points; Nifty ends at 15,699; check major winners and laggards

Among the sectoral indices, IT was the only laggard. Media was the biggest gainer. Oil & gas, banking, financial services, consumer durables, auto, metal and FMCG rose between 1 and 2 percent. BSE Midcap and Smallcap indices gained over 1.5 percent.

Market Roundup today: Sensex loses 709 points, Nifty slides 1.4%; check top gainers and losers
Business

Market Roundup today: Sensex loses 709 points, Nifty slides 1.4%; check top gainers and losers

While all sectoral indices ended in red, metal slid almost 5 percent. BSE midcap index shed over 1.5 percent while the BSE Smallcap index fell over 1 percent