Sensex regains 17K level

K. Raghavendra Rao R.Y. Narayanan Mumbai/Coimbatore | Updated on March 12, 2018

It was another day of recovery on India’s benchmark indices the Sensex and the Nifty. The Sensex was up 337 points (2.01 per cent) and closed at 17,085.34 while the Nifty was up 101.65 points (2.02 per cent) and closed at 5,139.15.

“This could be the feel good up move before Diwali,” said a dealer at a brokerage. “The net gain after yesterday’s fall has been around 10 points on the Nifty.”

Volatility was down seven per cent during the day and closed at 24.05.

DLF, Sun Pharma, Hero Motocorp, JP Associates and ICICI Bank were the top five gainers while Sesa Goa and Tata Power were the biggest losers.

Nifty movers

The Nifty had one of its most profitable runs today with 48 out of the 50 stocks constituting the Nifty ending in the green with some of the biggest gainers of the day, being banking and auto stocks in terms of value.

Hero Motocorp, which came out with sizzling numbers yesterday, was the top gainer in terms of value, gaining Rs 71.75 to close the day at Rs 2,057.60. Bajaj Auto gained Rs 34.35 to end at Rs 1,642. L&T, which has been facing some pressure recently, gained Rs 45.20 to close at Rs 1,393.90.

The banking sector had a slew of winners -- ICICI Bank gained Rs 29.75 to end at Rs 906.25, Axis Bank rose Rs 34.45 to close at Rs 1,132 and SBI added Rs 42.70 to close at Rs 1,909.25.

But HDFC Bank, which came out with good Q 2 numbers, was up by just Rs 13.85 to close at Rs 492.

The software pack had a better day. While Infosys was up Rs 31.25 to close at Rs 2,732.80, TCS ended higher at Rs 1,046 (up by Rs 12.45) and Wipro was up by Rs 11.45 to close at Rs 357.50.

The two losers were Tata Power (down 30 paise at Rs 99.95) and Sesa Goa that closed at Rs 213.05 (Rs -5.60).

Published on October 19, 2011

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