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Sensex ends higher in choppy trade

Steady buying in realty, healthcare, consumer durables and IT sectors, and encouraging earnings from some blue-chip companies supported the upmove, brokers said.

business Updated: Apr 23, 2018 17:25 IST
Press Trust of India, Mumbai
Sensex,Bombay Stock Exchange,Tata Consultancy Services
Brokers said trading was volatile due to negative Asian cues, lower opening in Europe and a weak rupee.(PTI/Photo for representation)

The Bombay Stock Exchange (BSE) Sensex rose 35 points to close at an over two-month high of 34,450.77 in choppy trade on Monday on steady buying in realty, healthcare, consumer durables and IT sectors.

Encouraging earnings from some blue-chip companies also supported the upmove, brokers said.

Trading was volatile due to negative Asian cues, lower opening in Europe and a weak rupee, they added.

Tata Consultancy Services (TCS) touched the $100 billion market capitalisation mark intra-day, but ended the session a tad lower.

The 30-share Sensex resumed higher at 34,493.69 but quickly slipped to 34,259.27 on profit booking and weak Asian cues.

It bounced back to touch a high of 34,663.95 as TCS saw heavy buying, before finally ending at 34,450.77, showing a gain of 35.19 points, or 0.10 per cent. This is its highest closing since February 5 when it had ended at 34,757.16.

The broader NSE Nifty touched a high of 10,638.35 before settling at 10,584.70 — up 20.65 points, or 0.20 per cent. Intra-day, it hit a low of 10,514.95. On a net basis, domestic institutional investors (DIIs) bought shares worth Rs 111.01 crore, while foreign portfolio investors (FPIs) sold to the tune of Rs 21.02 crore on Friday, provisional data showed.

First Published: Apr 23, 2018 17:25 IST