1 min read.Updated: 18 Jan 2022, 06:49 AM ISTLivemint
The BSE Sensex closed 85.8 points higher at 61,308 whereas the NSE Nifty rose by 0.29% to 18,308 points on Monday
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Benchmark indices closed at their highest level in nearly three months on Monday supported by gains in IT, energy and auto stocks. The BSE Sensex closed 85.8 points higher at 61,308 whereas the NSE Nifty rose by 0.29% to 18,308 points in the previous session. Both the indexes are now just around 1.5% shy of record highs hit in October, after rising for fourth straight weeks.
Market capitalisation of BSE-listed companies jumped to an all-time high of over ₹280 lakh crore on Monday as benchmark indices bounced back after taking a breather in the previous trade.
Tata Steel, TCS, L&T, State Bank of India (SBI), HUL, Reliance Industries (RIL) and Bharti Airtel were among the top gainers, that helped the indices close in the positive territory. On the other hand, HCL Tech, HDFC Bank, Axis Bank, Tech Mahindra, PowerGrid, and Sun Pharma were among the laggards, falling up to nearly 6%.
In the broader market, BSE midcap index rose by 0.23% while smallcap index gained 0.61%.
Analysts' recommend these stocks to buy today ( January 18) -
Anuj Gupta, Vice President, IIFL Securities
Deepak Fertilier: Buy Deepak Fert at ₹560, target ₹590, stop loss 535
OnMobile: Buy OnMobile at ₹131, target 139, stop loss 126