Wednesday, 25 January 2017

Sensex up 332 pts; Nifty closes above 8600, up 6% in Jan series

The pre-Budget rally continued for third straight session Wednesday, with the Sensex rising 361 points intraday and the Nifty closing January series above 8600 level, aided by banking & financials, FMCG and infra stocks. Positive global cues also boosted market sentiment. With today's rally, benchmark indices came back to pre-demonetisation level on account of stable earnings. 

The 30-share BSE Sensex was up 332.56 points or 1.21 percent at 27708.14 and the 50-share NSE Nifty surged 126.95 points or 1.50 percent to 8602.75, the highest closing level since November 1, 2016.

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