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Tuesday, 24 January 2017

Nifty, Sensex higher ahead of tomorrow’s F&O expiry

On Tuesday, at closing the benchmark indices settled on a higher note with Nifty 50 holding 8,450 level ahead of expiry of January derivative contracts tomorrow. Also the Union Budget that will be presented on February 1, aided the sentiments. 

The BSE Sensex settled the day at 27,376, up 259 points, whereas the Nifty50 ended 84 points higher at 8,476. BSE Midcap & BSE Smallcap indices rose 1% and 0.9% each. Sensex rallied about 276 points , led by gains in Bajaj Auto, M&M, Adani Ports and HDFC Bank. 

Bajaj Auto, Mahindra & Mahindra, L&T, Adani Ports, and Coal India  were the top gainers on BSE Sensex whereas Bharti Airtel, Infosys and HUL were the biggest losers on BSE Sensex. 

BSE's IPO to raise up to Rs 1,243 crore was fully subscribed by the afternoon trade today, the second day of the offer.

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