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MARKET WRAP: Banks lead recovery; Sensex ends 113 pts up, Nifty at 10,912

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Market Wrap  |  Sensex  |  Nifty

SI Reporter  | New Delhi 


The benchmark indices ended marginally higher on Monday after a volatile session led by gains in RIL, HDFC, HDFC Bank, TCS and ONGC.

The S&P BSE ended at 36,583, up 113 points, or 0.31 per cent, while the broader Nifty50 index settled at 10,912, up 19 points or 0.17 per cent.

Among sectoral indices, Bank index ended 0.37 per cent higher led by RBL Bank and Federal Bank. IT index settled 0.19 per cent higher led by gains in TCS and Tech Mahindra.

In the broader market, S&P BSE MidCap index ended 140 points or 0.96 per cent lower at 14,501, while S&P BSE SmallCap index settled at 13,786, down 164 points or 1.18 per cent.


Shares of Dewan Housing Finance Corporation (DHFL) settled at Rs 115 apiece, up 3.46 per cent on the National Stock Exchange (NSE) after the management in the conference call said that the company is seeking a strategic partner to bring fresh equity.

Shares of Titan Company ended 3.32 per cent higher to Rs 1,024 apiece. It hit a new high on the BSE in intra-day trade after the company reported strong growth of 41.6 per cent in net profit of Rs 416 crore in December quarter (Q3FY19). The company had a profit of Rs 308 crore in the year-ago quarter. The stock surpassed its previous high of Rs 1,006 recorded on April 18, 2018.


stocks hovered near four-month highs on Monday after a mixed performance on Wall Street at the close of last week, while the dollar firmed against the yen following strong employment and manufacturing data.

MSCI's broadest index of Asia-Pacific shares outside Japan was a shade weaker. It had scaled a four-month peak on Friday amid a surge by its global peers. Australian shares ended half a per cent higher, as did Japan's Nikkei.

(with Reuters input)


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