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Nifty holds 10,800 led by ICICI Bank, SBI; Sensex recovers over 200 points from day's lows

Nifty holds 10,800 led by ICICI Bank, SBI; Sensex recovers over 200 points from day's lows

Nifty holds 10,800 led by ICICI Bank, SBI; Sensex recovers over 200 points from day's lows
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By Ajay Vaishnav  Jan 8, 2019 3:58:25 PM IST (Updated)

The Sensex ended 130 points higher, or 0.36 percent, at 35,980.93, while the Nifty settled at 10,802, up by 30.35 points, or 0.28 percent.

Benchmark indices ended with gains on Tuesday at close with the Nifty50 holding 10,800 mark, recovering in the last hour of the trade led largely by financials. The Sensex recovered more than 200 points from the day's lows. The Sensex ended 130 points higher, or 0.36 percent, at 35,980.93, while the Nifty settled at 10,802, up by 30.35 points, or 0.28 percent.

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Broader markets underperformed with the Nifty MidCap slipping by 0.13 percent. The BSE MidCap dipped 0.16 percent. Among index gainers, Sun Pharma surged 4 percent, ICICI Bank up by 3.4 percent, SBI, 3 percent, Yes Bank 2.8 percent, Tata Motors 2.6 percent.
ICICI Bank shares contributed maximum to the Nifty gains as the lender settled at 52-week high.
ZEEL shares sank 2.44 percent, UPL 1.51 percent, Kotak Mahindra Bank 1.42 percent, NTPC and BPCL over a percent. Hindustan Unilever, HDFC and Bajaj Finance slipped between 0.73 percent and 0.81 percent.
(Market update as of close)
Market trades flat as HDFC twins, Kotak Mahindra Bank, HUL drag
The benchmark indices traded largely flat on Tuesday as investors awaited the outcome of the two-day meeting between the US and China on trade tariffs. The investors were also cautious ahead of the third quarter earnings of top IT companies such as Tata Consultancy Services and Infosys in coming days.
The Sensex traded flat at 35,832, marginally down by more than 17 points, or 0.05 percent at 12.10 pm, while the Nifty tested 10,750 range, trading lower by more than 12 points, or 0.12 percent, at 10,759.
Broader markets indices too were tepid with the Nifty MidCap dipping by 0.24 percent. The BSE MidCap slipped by 0.26 percent.
Only 12 sectors advanced, led by Nifty Pharma, which rose 1.13 percent, while Nifty Media, BSE Capital Goods, BSE Oil & Gas, Nifty Energy were among the weakest of 31 declining sectors.
Among index gainers, Eicher Motors, Sun Pharma, Tata Motors, ICICI Bank, Indiabulls Housing Finance, Yes Bank and Bharti Airtel shares gained between 1.31 percent and 3.37 percent.
Among index losers, shares of UPL, Adani Ports, Zee Entertainment, Kotak Mahindra Bank, Power Grid, Hindustan Unilever, HDFC Bank and M&M, declined between 0.63 percent and 1.59 percent.
Shares of Gruh Finance, Bandhan Bank and HDFC fell after the merger announcement.
The rupee traded at 70.03 against the US dollar. The home currency had opened weaker against the US dollar on Tuesday at 69.84.
Asian markets trade largely lower except Japan's Nikkei which surged 0.82 percent at 12.25 pm IST. Hong Kong's Hang Seng was mildly lower, while Kospi declined 0.58 percent.
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