Sensex, Nifty Rise for 2nd Day: IT, Consumer Stocks Drive Gains

Mumbai, Jan 23 (PTI) Equity benchmark indices Sensex and Nifty extended gains for the second session on Thursday due to intense buying in IT, consumer durables and commodity stocks amid a largely positive trend in global markets.

In a volatile trade, the 30-share index rose 115.39 points or 0.15 per cent to settle at 76,520.38. During the session, it climbed 338.55 points or 0.44 per cent to hit a high of 76,743.54.

The broader NSE Nifty added 50 points or 0.22 per cent to end at 23,205.35.

From the Sensex pack, UltraTech Cement, Mahindra & Mahindra, Sun Pharmaceutical, Zomato, Tech Mahindra, Tata Steel, Tata Motors, Titan, ITC and Bajaj Finance were the major gainers.


In contrast, Kotak Mahindra Bank, HCL Technologies, PowerGrid, Reliance Industries, State Bank of India, Hindustan Unilever, IndusInd Bank, Nestle India and Axis Bank were among the laggards.

In Asian markets, Tokyo and Shanghai ended higher, while Hong Kong and Seoul closed lower.

European markets were trading higher in mid-session deals on Thursday. US markets ended on a positive note in overnight trade on Wednesday.

Global oil benchmark Brent crude rose 0.20 per cent to USD 79.16 a barrel.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 4,026.25 crore on Wednesday, according to exchange data.