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Sensex Up by 366 Points, Nifty Rises Over 17,270 as Global Markets Bounce Back

The 30-scrip sensitive index had opened at 57,158.63.

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With global markets taking a beating earlier, Sensex had fallen 900 points and Nifty plunged to 16,850, on the morning of Tuesday, 25 January. However, later in the day, markets bounced back after the losses, as Sensex ended at 57,858.15, and Nifty rose 128.85 points to 17,277.95.

The 30-scrip sensitive index had opened at 57,158.63 and traded at 57,318.28 points at 9:45 am. It previously closed at 57,491.51.

Meanwhile, Nifty had stood at 17,133.35 points at 9:45 am, after opening at 17,001.55.

Amid weak global cues, Asian Paints, Wipro, Divis Labs, HCL Technologies, and Bajaj Finserv were among major losers on the Nifty, while the gainers were Axis Bank, Bharti Airtel, and Power Grid Corporation.

Other major Sensex gainers included Maruti Suzuki India, Bharti Airtel, IndusInd Bank, and State Bank of India, which ended 4.03 percent higher at Rs 514.

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Trading at 919 on NSE, Paytm's parent company One 97 Communications Ltd was up by 0.17 percent, while Wipro, trading at 559.75 INR, was down by 2.27 percent on Tuesday.

Zomato, standing at 90.65 on NSE, was down by 0.77 percent.

Out of 30 Sensex stocks, 19 stocks ended at a high. On Nifty, 14 stocks ended in a red and 36 advanced. The nifty stock remained between the day's low of 16,836.80 and high of 17,309.15.

"Nifty came under intense selling pressure on January 24 due to fund outflows from FPIs ahead of the monetary withdrawal by global Central Banks and rate hikes, rising crude oil prices whose outlook has worsened following the Russia-Ukraine standoff and the forthcoming Union Budget followed by state election outcome," Head of Retail Research, HDFC Securities Deepak Jasani told news agency IANS.

(With inputs from NDTV and IANS)

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Topics:  Sensex   Nifty 

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