Tuesday 1 January 2019

Closing Bell: Equities begin New Year on a strong note, Nifty reclaims 10,900; financials rally


Market at Close It’s a strong start to the New Year for equities as bulls took complete charge in the last hour of trade. The Nifty reclaimed 10,900-mark setting it on track to move towards 11,000 as well. Meanwhile, the Sensex ended above 36,000-mark. 

Barring auto and consumption sectors, all other sectors ended in the green. HDFC Group twins and ICICI Bank supported the rally.  

At the close of market hours, the Sensex was up 186.24 points or 0.52% at 36,254.57, while the Nifty was higher by 47.60 points or 0.44% at 10910.10. The market breadth was narrow as 1,437 shares advanced, against a decline of 1,091 shares, while 147 shares were unchanged.

Bharti Airtel and HDFC were the top gainers, while M&M, Tata Steel, and Hindalco lost the most. 

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Source: Moneycontrol

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