Stock market January 17 Highlights: Sensex rose 86 points in closed trade, Nifty closed above 18,300, Ultratech among top gainers

On Monday, the Sensex closed 85.88 points lower at 61,308.91 while the Nifty closed 52.35 points higher at 18,308. UltraTech Cement, Maruti Suzuki were the top gainers, while HCL Tech and HDFC Bank were among the laggards.

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On the 30-share Sensex, 19 stocks rose and 11 stocks declined. Auto and realty stocks outperformed at the closing bell, while banks, IT and financial services and pharma were under pressure.

The BSE Sensex climbed over 120 points in early trade on Monday amid mixed cues from Asian markets, led by gains in ICICI Bank, HDFC twins and Infosys indices.

Starting on a positive note, the BSE gauge was trading 122.58 points or 0.20 per cent higher at 61,345.61 in early trade. Similarly, the Nifty closed at 18,293.40, up 37.65 points or 0.21 per cent.

Maruti was the top gainer in the Sensex pack, rising 1.62 per cent, followed by SBI, M&M, ICICI Bank, Bajaj Finserv, HDFC, Infosys and HDFC Bank.

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On the other hand, HCL Tech, UltraTech Cement, Tech Mahindra, Titan and Wipro were among the laggards. In the previous session, the BSE 30-share index had closed at 61,223.03, down 12.27 points or 0.02 per cent. Similarly, the NSE Nifty closed at 18,255.75, down 2.05 points or 0.01 per cent.

Elsewhere in Asia, shares in Shanghai and Tokyo were trading with gains in mid-session deals, while Hong Kong and Seoul were in the red. Stock exchanges in the US closed with a mixed trend on Friday.

Meanwhile, international oil benchmark Brent crude rose 0.08 per cent to $86.13 a barrel. Foreign institutional investors (FIIs) were net sellers in the capital market as they sold shares worth Rs 1,598.20 crore on Friday.


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