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Sensex gains 52 points as inflation cools off




 The benchmark BSE Sensex rose by 52 points to close at 31,155.91 points today in a volatile trade as oil and gas, banking and pharma stocks gained amid positive global cues.

    The 30-share Sensex resumed higher at 31,147.69 and hovered in a range of 31,190.36 and 31,054.94 before settling at 31,155.91, showing a gain of 52.42 points, or 0.17 per cent. The gauge had gained 7.79 points in the previous session.

      The 50-share Nifty also ended higher by 11.25 points or 0.12 per cent at 9,618.15, after shuttling between 9,627.40 and 9,580.45.

     Gains in Reliance Industries, Larsen and Toubro, Dr Reddy's and ICICI Bank helped the Sensex end in the green.

     In 30-share Sensex, RIL gained the most by rising 3.30 per cent on reports that its subsidiary Reliance Jio added the most 4 million new users to reach a consumer base of 112.55 million.

      Sector-wise, the BSE realty rose by 1.50 per cent, followed by capital goods 0.88 per cent, oil&gas 0.68 per cent, PSU 0.25 per cent, teck 0.24 per cent, IT 0.18 per cent, banking 0.10 per cent and consumer durable 0.08 per cent.

          The broader market outperformed the key indices with the small-cap index rising 0.46 per cent and the mid-cap index up 0.01 per cent.






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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