Sensex rallies over 250 points; L&T erases early morning gains - Highlight Investment Research

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Monday, 21 January 2019

Sensex rallies over 250 points; L&T erases early morning gains

Equity benchmark indices swung between gains and losses in opening trade in today’s session. However, the stock market rallied later led by Reliance Industries, Infosys, HDFC Bank, and L&T.

The Sensex jumped 264 points at 36,651, while the Nifty rose 65 points at 10,973 levels. The market breadth was positive with 843 shares advancing, 676 shares declining, and 540 remaining unchanged.

NTPC, Reliance Industries, Bharti AirtelSun Pharma, and Infosys were the top gainers on the Nifty50, while Wipro, L&T, BPCL, Kotak Mahindra Bank, and Axis Bank were trading in the red.

Shares of Larsen and Toubro erased morning losses and are currently trading near 1%. The stock declined as Sebi rejected its Rs9,000cr share buyback plan, citing compliance issues over its post-buyback debt-equity ratio. 





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