Sensex hits over 1-week closing high; NTPC, Tata Motors stocks jump

Our Bureau Agencies Mumbai | Updated on January 16, 2018 Published on December 29, 2016


The Sensex and Nifty recovered from recent losses to close at their highest in more than one week on Thursday, after a volatile trading session ahead of the expiry of monthly derivative contracts.

The 30-share BSE index Sensex ended higher by 155.47 points or 0.59 per cent at 26,366.15 and the 50-share NSE index Nifty closed up 68.75 points or 0.86 per cent at 8,103.60.

Both the indexes posted their highest closing level since December 19.

Among BSE sectoral indices, consumer durables gained the most by 1.67 per cent, followed by oil & gas 1.56 per cent, metal 1.44 per cent and auto 1.34 per cent, while only capital goods was down 0.09 per cent.

Top five Sensex gainers were NTPC (+1.68%), Tata Motors (+1.64%), Maruti (+1.56%), HDFC (+1.55%) and TCS (+1.51%), while the major losers were Sun Pharma (-1.25%), Adani Ports (-1.21%), L&T (-0.69%), Infosys (-0.51%) and GAIL (-0.34%).

FII selling

Worries about capital outflows from emerging markets to the United States and India's move to ban higher-value currency notes have hit sentiment since November.

Foreign investors offloaded net $100.58 million of shares on December 27, having sold $975.80 million worth of local shares this month.

Asian shares slipped on Thursday after Wall Street suffered a mild setback after weeks of gains, while the dollar faded against the yen in typical year-end profit taking.

Japan's Nikkei lost 1 per cent as the yen firmed, edging away from its recent one-year top. Australia's main index eased 0.1 per cent, having touched a 17-month peak the previous day.

US stocks fell in low volume on Wednesday in a broad decline triggered in part by a sharp drop in home resales.

The Dow Jones Industrial Average fell 111.36 points, or 0.56 per cent, to 19,833.68, the S&P 500 lost 18.96 points, or 0.84 per cent, to 2,249.92 and the Nasdaq Composite dropped 48.89 points, or 0.89 percent, to 5,438.56.

Published on December 29, 2016
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