Post Session: Sensex, Nifty end high in lackluster trade; oil&gas stocks rally

19/01/2017 16:24

The Indian equity benchmarks ended tad higher in lackluster trade on Thursday amid sustained buying by retail and foreign portfolio investors coupled with rally in index heavyweights such as ONGC, ITC, ONGC, Tata Motors and Reliance Industries. However, looming uncertainty over global environment with Donald Trump taking charges on Friday and possible Brexit outcomes after UK Prime Minister Theresa May outlined her government’s priorities in leaving the European Union kept investors sidelined.

The 30-share barometer index of Bombay Stock Exchange, Sensex closed trade at 27308.6, up by 50.96 points or by 0.19 per cent, and the NSE Nifty ended at 8435.1, up by 18.1 points or by 0.22 per cent.

During the day’s trade, the BSE Sensex touched intraday high of 27348.19 and intraday low of 27219.89, while the NSE Nifty touched intraday high of 8445.15 and intraday low of 8404.05.

The top gainers of the BSE Sensex pack were GAIL (India) Ltd. (Rs. 462.70,+5.31%), Power Grid Corporation of India Ltd. (Rs. 202.00,+1.79%), Oil And Natural Gas Corporation Ltd. (Rs. 201.05,+1.62%), Tata Motors Ltd. (Rs. 530.70,+1.44%), ITC Ltd. (Rs. 253.95,+1.22%), among others.

On the flip side, Lupin Ltd. (Rs. 1478.60,-1.28%), Axis Bank Ltd. (Rs. 483.70,-0.95%), Sun Pharmaceutical Industries Ltd. (Rs. 644.20,-0.87%), Wipro Ltd. (Rs. 477.90,-0.80%), HDFC Bank Ltd. (Rs. 1234.85,-0.73%), were among top losers on BSE.

On the sectoral front, oil&gas and PSU stocks emerged as top gainers, adding as much as 2.03 per cent and 1 per cent respectively.

The market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 3076, shares advanced were 1512 while 1350 shares declined and 214 were unchanged.

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