Stock Market Ends Higher on Global Market Recovery

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Key Benchmark indices settled higher as rising tensions in the Middle East cooled and the market closed on a solid note with the Sensex crossing the 41,869-mark with a jump of 192 points.

The NSE flagship Nifty stood higher at 12052.95 up by 59.90 points or 0.50% with all sectoral indices appearing in the green.

The key stock Reliance Industries contributed 1.69% gains and HDFC Bank added 1.62% impetus on the benchmark.

The rising factor behind the stock rally of HDFC bank came out following strong loan and deposits growth in the quarter ended Dec 2019 registering about 20% percent growth year-on-year.

The top gainers from the NSE Nifty50 were Vedanta, Zee entertainment, Ultratech Cement, UPL and Reliance Industries. On the Sensex pack of stocks, major gainers were Ultratech Cement, HDFC Bank, Reliance, Sun Pharma and NTPC.

Conversely, major losers in the Nifty were Bharti Infratel, BPCL, Infosys, Bharti Airtel and PowerGrid.To Get Updated Nifty Future Tips Visit Our Website.

All sectoral landscape on the NSE ended in the green with major buying in the Nifty Realty, Media and Metal. In the thematic indices, Nifty commodities, Nifty consumption, CPSE, Energy, Infra – all went up between 0.40 to 0.90%

Bank Nifty indices posted 0.52% higher at 31,399.40 with RBL Bank and HDFC Bank being the top out-performers
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On the options derivative front of Jan 9, 2019 expiry, the-board-based option writing was seen in both Call and Put option strikes as the indices traded in a narrow-band. For Free Option Call Put Tips seek our expert advice.

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