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Business Economy


Sensex rises by 50.11 pts in lacklustre trade

Mumbai, Jan 16 (UNI) The bechmark index of Bombay Stock Exchange (BSE) rose in a lacklustre trade today by 50.11 points to end positive at 27,288.17 on fresh buying in select indices like Materials, Financial, Telecom and Consumer Durables.
The Nifty of National Stock Exchange (NSE) also went up by 12.45 points to 8,412.80.
The key benchmark indices settled with a small gain, shrugging off weak trend in global stocks as domestic data showing fall in trade deficit in December extended support amid another data showing slight rise in wholesale inflation.
The Sensex opened on a steady note at 27,238.35 in early trade and then gained by 97 points to touch a day's high of 27,335.08, before closing at 27,288.17, advancing by 50.11 points as compared to its previous close.
It touched a day's low of 27,172.68, down by 66 points.
The Nifty recorded day's high and low at 8,426.70 and 8,374.40 points respectively.
The sectoral indices like Materials, Finance, Telecom and Realty increased, while Technollgy, Oil & Gas and IT fell that capped its further gains, brokers said.
The BSE Mid-Cap index rose 0.27 pc. The BSE Small-Cap index gained 0.57 pc. Both these indices outperformed the Sensex.
The market breadth was positive as 1,553 shares rose and 1,206 declined while 195 were unchanged on BSE.
The total turnover on BSE amounted to Rs 3,013.14 crore, compared with a turnover of Rs 2,998.17 crore registered during the previous trading session.
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