Sensex surges 563 points as RIL, HDFC twins shine
The Hindu
BSE Sensex rallies 562.75 points or 0.94% to settle at 60,655.72; NSE Nifty climbs 158.45 points or 0.89% to 18,053.30
Equity benchmarks shrugged off lacklustre global cues to clock smart gains on January 17, buoyed by strong buying interest in index heavyweights Reliance Industries and HDFC twins.
However, a depreciating rupee and unabated foreign fund outflows capped the gains, traders said.
The 30-share BSE Sensex rallied 562.75 points or 0.94% to settle at 60,655.72. The broader NSE Nifty climbed 158.45 points or 0.89% to 18,053.30.
Larsen & Toubro topped the Sensex gainers chart with a jump of 3.51%, followed by Hindustan Unilever, HDFC, HCL Technologies, HDFC Bank and Reliance Industries.
In contrast, SBI, Bajaj Finserv, IndusInd Bank, Wipro, Tata Steel and Bajaj Finance were among the laggards, shedding up to 1.67%.
The market breadth was in favour of the bulls, with 22 advances and 8 declines.
“The domestic market is attempting to gain, in comparison to its weak YTD performance, which was caused in anticipation of soft Q3 results and Union Budget. We started the third quarter results on a shaky note, but the latest set of financial announcements from IT and banking blue chips are encouraging.
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