Sensex regains 366.64 points


Mumbai, Jan 25 (UNI) Snapping a losing streak of last five sessions, the BSE Sensex on Tuesday smartly recovered 366.74 pts at 57,858.15 on the strength of Telecom, Utilities, Power and Auto stocks. The Nifty of National Stock Exchange (NSE) too rose by 128.85 pts at 17,277.95. High volatility was witnessed during the day, as the sensex opened lower by 340 pts at 57,158.63. It was tumbled down nearly 1082 pts at 56,409.63 days low. In late trade it erased earlier losses and jumped v 475 pts at 57,966.93, days high, before closing at 57,858.15, up by 366.64 pts from its previous close. The sensex registered days high and low at 57,966.93 and 56,409.63 respectively. The Nifty recorded days high and low at 17,309.15 and 16,836.80 respectively. In sectoral indices Telecom was a star gainer up by 2.46 pc followed by Utilities by 2.44 pc, Power by 2.41 pc and Auto by 2.32 pc. In scrips, Maruti Suzuki, top gainer rallied 6.88 pc to Rs 8600.60 followed by Axis Bank by 6.76 pc to Rs 751.35, SBI by 4.20 pc to Rs 514.85, IndusInd Bank by 3.87 pc to Rs 882.75 and Bharti Airtel by 3.23 pc to Rs 711.90. The losers were Wipro by 1.75 pc to Rs 562.85, Bajaj Finserv by 1.16 pc to Rs 15,526.35, Titan by 0.98 pc to Rs 2479.40, Infosys by 0.85 pc to Rs 1722.10 and Tech Mahindra by 0.80 pc to Rs 1500. The Mid Cap rose by 1.03 pc and Small Cap by 0.81 pc. In 30 scrips, 18 advanced while 12 declined. There will be no trading in Stock Market on Wednesday on account of 'Republic Day', traders informed. In Asian Market, Japan's Nikkei index fell 2.5 per cent touching a two-year low on Tuesday, as investors were seen cautious over the situation in Ukraine, inflationary risks and on concerns of a faster-than-expected rate hike by the Federal Reserve. Even, the Hang Seng, Kospi, and Shanghai composite were fell by 1.7 per cent, 2.7 per cent and 1.9 per cent respectively.