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Sensex ends up by 59.83 pts
Economy

Sensex ends up by 59.83 pts

Agency News

Mumbai, Jan 16: The benchmark index of Bombay Stock Exchange (BSE) on Thursday improved by 59.83 points at 41,932.56 following fresh gains in stocks like Realty, Telecom, FMCG and Consumer Durable.

The National Stock Exchange (NSE) too rose by 12.95 points to 12,356.25. The Nifty registered days high and low at 12,389.05 and 12,315.80 points respectively. See saw trend was witnessed during the day. Easing by 79 points on Wednesday, the sensex opened higher by 52 points to 41,924.74.

Till noon it crossed 42K to 42,059.45, day high, up by 187 points. Later, it was slipped but managed to end positive only at 41,932.56, advancing by 59.83 points from its last close. It declined by 60 points to 41,812.28, day low figure. Investors booked some profits after the US and China signed a preliminary trade agreement, expectations for which had driven global equities to record highs. The sectoral indices like Realty, Consumer Durable, Telecom, Health Care, FMCG and Consumer Discretionary Goods and Services went up while selling in Materials, Metal and Oil and Gas capped from further gain, broker informed. In scrips, Nestle India, Kotal Bank, Hind Unilever and Reliance Industries surged.

In the broader market, the S&P BSE Mid-Cap index rose 0.77 pc while the S&P BSE Small-Cap index gained 0.74 pc. The market breadth favored the buyers. On the BSE, 1475 shares rose and 1071 shares fell. A total of 167 shares were unchanged. In the US, stock indexes closed higher on Wednesday afternoon, though the major benchmarks ended the day well off session highs, after President Donald Trump signed the first phase of a trade pact with China, marking a truce in the dispute over import tariffs which has unsettled markets world-wide and slower economic growth. UNI