Sensex at two-week high, Nifty rises 15 points
Sensex closed higher by 43.84 points, or 0.17%, to 26,394.01 points, while the Nifty 50 of NSE closed up 15.25 points, or 0.19%, to 8,142.15
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Mumbai: Rising for the third straight session, benchmark Sensex gained about 44 points to close at over two-week high of 26,394.01 on gains in select bluechips. Sentiment remained upbeat for the better part of the day after the government yesterday provided yet another opportunity to black money holders to legalise their wealth, brokers said. Intraday, it shuttled between 26,587.07 and 26,354.66. The gauge had gained 490 points in the previous two sessions. The top gainers in the BSE included Bharat Financials Inclusion Pvt Ltd that closed 7.86% higher than the previous session’s closing. The other gainers include Muthoot Finance Ltd, Berger Paints Ltd, DHFL Ltd and Idea Cellular Ltd that delivered the gains to the tune of 8.16%, 7.83%, 4.49% and 4.42%, respectively. The top losers included Mangalore Refinery & Petrochemicals Ltd, Raymond Ltd and Oberoi Realty whose shares dropped by 3.56%, 3.22 and 3.39%, respectively.
The NSE Nifty, after touching a high of 8,197.35, slipped to 8,128.70 before closing 15.25 points, or 0.19% higher at 8,142.15. The top gainers at NSE included Eicher Motors Ltd, Idea Cellular and Bosch Ltd whose shares posted 5.18%, 4.88% and 4.50% returns, respectively. The government has proposed to tax at 50% the unaccounted demonetised cash that is disclosed voluntarily till 30 December, after which a steep up to 85% tax and penalty will be levied on undisclosed wealth that is discovered by authorities.
With inputs from PTI