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Sensex ends 80 points higher, Nifty holds 7,200 as Budget week kicks off

The headline indices gained as a recovery in the prices of crude oil and other commodities lifted stocks such as Reliance Industries and Oil and Natural Gas Corp (ONGC).

BT Online   New Delhi     Last Updated: February 23, 2016  | 09:22 IST
Photo: Reuters

Extending gains for the fourth consecutive day, the S&P BSE Sensex ended 80 points higher, while broader CNX Nifty settled above its key 7,200-mark ahead of derivatives expiry on Thursday.

The headline indices gained as a recovery in the prices of crude oil and other commodities lifted stocks such as Reliance Industries and Oil and Natural Gas Corp (ONGC).

The 30-share index ended the day at 23,788, up 79.64 points, while broad-based 50-share index quoted 7,234, up 23.80 points at close.

Market breadth remained positive with 18 of the 30 Sensex components ending the day in green.

Hindustan Unilever was the top gainer on both the benchmark indices and gained 4 per cent on the Bombay Stock Exchange (BSE).

Shares of Maruti Suzuki slipped 1.61 per cent after the country's largest carmaker suspended operations at its two plants in Gurgaon and Manesar as component supplies have been hit by the agitation of Jats demanding job reservation.

Among Asian markets, China's Shanghai Composite gained over 2.35 per cent, Hong Kong's Hang Seng index added 0.93 per cent, while Japan's Nikkei gained 0.90 per cent.

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