Tuesday, 24 January 2017

Nifty up 1% ahead of F&O expiry

Benchmark indices extended positive momentum for the second consecutive session Tuesday, with the Nifty closing a percent higher on short covering ahead of expiry of January derivative contracts tomorrow and ahead of Union Budget that will be presented on February 1. Stable earnings by HDFC Bank and HCL Technologies also boosted sentiment. The 30-share BSE Sensex rallied 258.24 points to 27375.58, the highest level since November 10, 2016. The 50-share NSE Nifty gained 84.30 points at 8475.80, led by HDFC Group, auto, infra and oil stocks.

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