Indian markets advanced today after two days of losses but ended off day's highs. Global equities were mostly higher today despite concerns over the coronavirus outbreak in China. The Sensex ended 236 points higher at 41,216, off it day's high of 41,444. The broader Nifty50 index ended 0.63% higher at 12,107.
Heavyweights RIL, HDFC and ICICI Bank led the gains today rising around 1% each. Among the Sensex stocks, NTPC was the top gainer, rising 3%. Maruti Suzuki, SBI, Bajaj Auto, PowerGrid, UltraTech Cement and Axis Bank advanced between 2% and 3% each.
"Easing concerns over the coronavirus issue after the drop in fresh cases came as a breather for markets. We expect the domestic market to stay focused on the last batch of Q3 numbers and inflation numbers for the month of January," said Vinod Nair, head of research at Geojit Financial Services.
Elsewhere, shares of IRCTC today slumped 5% ahead of Q3 earnings, due tomorrow.
Asian and European markets were mostly higher today, following record finish on Wall Street overnight. Equities shrugged off worries about the coronavirus even though death toll crossed 1,000.
(With Agency Inputs)