Indices snap 3-day losing streak, Sensex up 271 pts

Thursday,   23-Jan-2020   03:53 PM (IST)

Markets snapped three-day losing streak as stock-specific developments, Q3 result reactions, and low crude oil prices dominated the investor sentiment today. Even as gains in heavyweights like Larsen and Toubro (L&T), Axis Bank, State Bank of India, Infosys and ICICI Bank provided the necessary support, equity markets remained volatile in a range-bound trade due to weekly expiry.  The S&P BSE Sensex closed settled near day's high, up 271 points, or 0.66 per cent, at 41,386.40 level. L&T (up over 3 per cent) was the top gainer on the benchmark index, followed by Bharti Airtel, SBI, Titan, and M&M (all up over 2 per cent each). On the other hand, Tech Mahindra, TCS, Bajaj Finance, and Reliance Industries were the top losers today. On the NSE, the Nifty50 was above the 12,150-mark and closed 73.45 points, or 0.61 per cent, higher at 12,180.40 mark. Barring Nifty Media index (down 2 per cent), all the key sectoral indices on the NSE ended the day with gains, led by Nifty Realty index (up 2 per cent), and Nifty PSU Bank (1.16 per cent). In the broader markets, the mid-caps continued to outperform the frontline indices. The S&P BSE mid-cap index edged a per cent higher to settle at 15,701.81 level. The S&P BSE small-cap index, on the other hand, closed 0.95 per cent higher at 14,772.32 level.