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Closing Bell: Sensex Ends 227 Points Higher, Nifty Reclaims 12200

Ultratech Cement was the top gainer in the Sensex pack.

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Extending its gains for the second session, market benchmark Sensex rose 227 points on Friday, 24 January, tracking the rally in banking stocks amid 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 per cent, 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.

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Earlier in the day, the S&P BSE Sensex and the NSE Nifty 50 traded little changed at 41,409 and 12,188 respectively. The broader markets represented by the NSE Nifty 500 Index, too, traded flat, reported Bloomberg Quint.

The market breadth was tilted in favour of buyers. About 892 stocks advanced and 529 shares declined on National Stock Exchange.

(With inputs from Bloomberg Quint and PTI)

(At The Quint, we are answerable only to our audience. Play an active role in shaping our journalism by becoming a member. Because the truth is worth it.)

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Topics:  Markets   Sensex   Nifty 

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