Benchmark indices settled the concluding trading session of 2016 over 1% higher to postal service a yearly arrive at equally they recovered from their recent losses tracking various local too global cues. The NSE Nifty gained simply about 300 points inwards the concluding four sessions but failed to destination the twelvemonth to a higher house 8,200 inwards 2016 . On the other hand, Sensex rose as much equally 308 points today to settle the twelvemonth 544 points higher.
The S&P BSE Sensex ended at 26,626, upwards 260 points acre Nifty50 gained 82 points at closing, to quote at 8,186. Among broader markets, BSE Midcap gained 1.15% acre BSE Smallcap was upwards 0.97%.
"The euphoria continued inwards the concluding trading solar daytime of the year, hoping for radical remarks inwards PM oral communication tomorrow. Additionally, an expectation of tax sops inwards budget, weakness of dollar too robust taxation collection are adding positive sentiment," said Vinod Nair, Head of Research, Geojit BNP Paribas Financial Services. The wide marketplace position depicted strength. There were near ii gainers against every loser on BSE. On the BSE, 1,758 shares rose too 859 shares fell. A total of 196 shares were unchanged.
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