Monday, 23 January 2017

Sensex closes higher, Nifty fails to hold 8400; Hindalco up 6%

Benchmark indices closed higher amid consolidation on the first day of expiry week as investors await Union Budget that is scheduled to be announced on February 1. The markets opened modestly lower today after US President Donald Trump's inauguration speech but recovered immediately to trade higher for major part of the session. 

The 30-share BSE Sensex was up 82.84 points to close at 27117.34. The 50-share NSE Nifty gained 42.15 points at 8391.50 after hitting an intraday high of 8404.15 and 8327.20. HDFC Group, FMCG, metals, PSU oil and technology stocks gained while infra and select private banks were under pressure.

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