Late recovery in the markets: Sensex, Nifty in upper circuit
January 8, 2019
benchmarks rose for third consecutive day led by Sun Pharma, ICICI Bank, SBI, Tata
Motors and Yes Bank as major gainers on the Sensex and Nifty, while Zee Entertainment, UPL were the top losers in
BSE Sensex rose 130.77 points to 35,980.93 and the NSE Nifty50 Index surged
30.35 points to 10,802.15 on Tuesday.
the day, Sensex and Nifty frequently traded on a subdued note due to weakness
in HDFC, HDFC Bank, Kotak Bank and HUL. However, near to closing hours, Sun Pharma and
ICICI Bank lifted the benchmarks higher.
out of 11 sector spaces compiled by NSE ended higher led by the Nifty PSU Bank Index’s
2.77 percent gain. On the flipside, Nifty Media Index was top loser, down 1.24
percent, followed by Nifty FMCF, IT, media and realty upto 0.4 percent in loss.
in ICICI Bank surged 3.15 percent at Rs. 379.30 and hit a record high at Rs.
381.80 during the afternoon trade hours. Shares of Gruh Finance plunged 16.60
percent to Rs 255.50 per share after the company announced merger with
Bandhan Bank in an all-stock deal.