Closing Bell: Nifty regains 18000, Sensex closes above 60000
Domestic equity benchmarks Sensex and Nifty extended gains to a second straight session on Monday led by gains across sectors.
The Indian equity markets extended the winning run on Monday amid across-the-board buying, with banking and auto shares in high demand. Nifty retested the psychological level of 18000 led by the PSU Bank, IT, Auto, Capital Goods, Power stocks.
At the closing bell on January 10, the Sensex was up 650.98 points or 1.09% at 60,395.63, and the Nifty was up 190.60 points or 1.07% at 18,003.30. On the market breadth, around 2472 shares have advanced, 948 shares declined, and 88 shares are unchanged.
Among the top Nifty gainers for the day were UPL, Hero MotoCorp, Titan Company, Tata Motors and Maruti Suzuki. On the flip side Wipro, Nestle, Divis Labs, Asian Paints and Power Grid Corp were the top losers.
On a sectoral basis, all the sectoral indices ended in the green with PSU Bank, IT, Auto, Capital Goods, Power, Bank, Realty indices closing up 1-3%. In the broader markets, BSE midcap and smallcap indices were up 0.7-1%.
Top trending stock of the day was UPL Ltd. The scrip rallied 4.57% to Rs 825.
On the 30-share BSE Sensex, stocks that traded higher were Titan, Maruti, SBI, L&T, HDFC, Kotak Mahindra Bank and ITC, which attracted the most gains with their stock price rising around 3.12%. Among the BSE losers were Wipro, Nestle India, Asian Paints, Sun Pharma, Hindustan Unilever and Dr Reddy's Labrotories.
In other news, in contrast to domestic bourses, global stock markets struggled as the US Treasury yields reached a new two-year high and investors fretted about the prospect of rising interest rates and a surge in Covid-19 infections.
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