Today benchmark indices extended positive momentum for the second consecutive session, with the NSE Nifty closing a percent higher on short covering ahead of expiry of January derivative contracts tomorrow and ahead of Union Budget that will be presented on February 1. Stable earnings by HDFC Bank and HCL Technologies also boosted the sentiment. The 30-share BSE Sensex rallied 258.24 points to 27375.58, the highest level since Nov 10, 2016. The 50-share Nifty gained 84.30 points at 8475.80, led by HDFC Group, auto, infra and oil stocks. The broader markets, too climbed 1 percent but the market breadth did not look that strong.
Top Sensex gainers in today’s trade were Bajaj Auto, M&M & Adani Ports with each stock gaining more than 2.5%. Motherson Sumi, Ashok Leland and BOSCH were all up by more than 2%.