Friday, January 24, 2020
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Sensex soars 333 points to end at 3-month high




 The Sensex today returned to its pre-demonetisation level by jumping 333 points to end at a nearly 3-month high of 27,708 on the back of strong earnings amid positive global feelers.

          The NSE Nifty went past the 8,600-mark for the first time since November 1.

          After a positive start, the 30-share Sensex rose further and settled up 332.56 points, or 1.21 per cent, at 27,708.14 -- a level last seen on November 1 when it had closed at 27,876.61. It hit an intra-day high of 27,736.83.
      The gauge had rallied 341.08 points in the previous two sessions.
            Also, the 50-issue NSE Nifty ended at 8,602.75, up 126.95 points, or 1.50 per cent, after moving between 8,612.60 and 8,493.95.
     Banking, metal, auto and consumer durables stocks were in fine nick, lifting the key indices.
     Mood was aided by optimism ahead of the Union budget on February 1 amid a firming trend in Asia and Europe following overnight record close in the US on hopes of fresh spending by new US President Donald Trump, traders said.
          The banking index advanced the most by surging 2.33 per cent, followed by consumer durables (2.26 per cent), oil and gas (1.75 per cent), PSU (1.64 per cent) and metal (1.39 per cent).
          The broader markets showed an uptrend, with BSE mid-cap rising 0.90 per cent and small-cap 0.87 per cent.
     Foreign portfolio investors net bought shares worth Rs 93.95 crore yesterday, as per provisional data.
         A total of 1,512 shares ended up, 1,234 down and 206 ruled steady, making the market breadth positive.
           The total turnover on BSE came in lower at Rs 3,740.39 crore, from Rs 3,923.57 crore during the previous trading session.





Editorial

Précis 2017
From asking his party men to ‘live a simple life and serve the people’ to taunting the BJP for its ‘crocodile tears’, Chief Minister and BJD supremo Naveen Patnaik has not only become politically invincible, he seems to be so in the coming years too.

National

* India successfully test-fires supersonic interceptor missile

International

* Support for terrorism to be stopped: India at UN

Business

* Dalmia DSP launches new TV campaign

Entertainment

* Sudhir Mishra's 'Daasdev' set to arrive on February 16

Interview

* “Nalco to invest Rs 35,000 cr in Odisha, good governance key to company’s success”

Leisure

* Tata Steel Bhubaneswar Literary Meet from Jan 11
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