Market ends Jan expiry higher; Nifty above 8,600 for 1st time since Nov 1

The market has seemingly recovered from the demonetisation gloom with Nifty50 ending above its crucial 8,600-mark for the first time since November 01. The positive rollovers to February series contributed to the gains. 

The S&P BSE Sensex settled at 27,708, up 332 points, while the Nifty50 closed at 8,602, up 128 points. 

Broader market underperformed the headline indices with BSE Midcap and BSE Smallcap rising 0.9% each.

The market breadth, indicating the overall health of the market, remained positive. On the BSE, 1,507 shares rose and 1,240 shares fell. A total of 205 shares were unchanged.

"The positive momentum