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Sensex at two-week high, up 44 pts in choppy trade

Press Trust of India  |  Mumbai 

Rising for the third straight session, benchmark gained about 44 points to close at over two-week high of 26,394.01 on gains in select bluechips.

Sentiment remained upbeat for the better part of the day after the yesterday provided yet another opportunity to holders to legalise their wealth, brokers said.

The 30-share rose 43.84 points or 0.17 per cent to close at 26,394.01, its highest closing since November 11, when it had closed at 26,818.82.

Intra-day, it shuttled between 26,587.07 and 26,354.66. The gauge had gained 490 points in the previous two sessions.

The Nifty, after touching a high of 8,197.35, slipped to 8,128.70 before closing 15.25 points, or 0.19 per cent, higher at 8,142.15.

The has proposed to at 50 per cent the unaccounted demonetised that is disclosed voluntarily till December 30, after which a steep up to 85 per cent and penalty will be levied on undisclosed wealth that is discovered by authorities.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, November 29 2016. 16:22 IST