Millennium Post

Sensex rises 111 pts to 1-month high

The 30-share BSE barometer resumed lower and gradually recovered, improving further to settle at one-month high of 20,811.44, a rise or 110.69 points or 0.53 per cent. The last time the key index closed at this level was on 24 January.

The 50-issue Nifty of NSE also rose by 30.65 points or 0.50 per cent to close at 6,186.10. Tata Power was the biggest Sensex gainer at a little over 5 per cent. ‘Following the implications that the CERC has announced final tariff orders, NTPC was seen down over 11 per cent. Tata Power was up by over 5 per cent as the latter has been allowed to hike tariff and got relief in form of compensation to make up for losses incurred at its Mundra plant,’ said Nidhi Saraswat, Senior Research Analyst, Bonanza Portfolio.

Besides Tata Power, major gainers were Bhel at 3.95 per cent, Axis Bank at 3.85 per cent, Dr Reddy's Lab 2.42 per cent, ONGC 1.86 per cent, Hero Motocorp 1.67 per cent, HDFC 1.53 per cent, Gail India 1.51 per cent, M&M 1.47 per cent, ICICI per cent, Wipro 1.10 per cent and Sun Pharma 0.98 per cent.

Brokers said the market may remain volatile this week on expiry of February contract of futures and options on Wednesday.
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