Sensex, ends 269 points up, Nifty above 11,400

Sensex, ends 269 points up, Nifty above 11,400
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Mumbai, Mar 15: After surging 500 points in the intra-day trade, the S&P BSE Sensex witnessed a sharp fall at the fag-end of the session, mainly due to profit-booking to end at 38,024, up 269 points or 0.71 per cent. Financial stocks such as HDFC Bank and ICICI Bank contributed the most to the index’s gains while Reliance Industries (RIL), ITC and Hindustan Unilever (HUL) emerged as the biggest drags.
The NSE’s benchmark index Nifty50 closed above 11,400 level at 11,427, up 84 points or 0.74 per cent. The index hit a high of 11,487 levels during the day. Both Sensex and Nifty reclaimed their crucial levels of 38,000 and 11,400 levels, respectively in the intra-day trade after a gap of six months. On a weekly basis, Sensex gained 3.68 per cent and Nifty added 3.54 per cent. Market breadth remained in favour of declines as out 2,860 companies traded on BSE, 1,478 declined and 1,207 advanced while 175 remained unchanged. A total of 59 securities hit their 52-week highs while 111 scrips hit their one-year lows.
BROADER MARKET
In the broader market, the S&P BSE MidCap index ended 83 points, or 0.55 per cent higher at 15,172, while the S&P BSE SmallCap index settled at 14,837, down 51 points or 0.34 per cent.
Banking barometer Nifty Bank, too hit a fresh record high of 29,520.70 during the day. It ended at 29,381.45, up over 1.50 per cent with 10 out of 12 constituents ending in the green.
BUZZING STOCKS
Shares of Titan Company hit a new high of Rs 1,112, up 2.5 per cent, in intra-day trade. The firm is set to join the elite club of Rs 1-trillion market capitalization (market-cap) on the BSE. The stock, eventually settled at Rs 1,095 apiece on BSE, up nearly a per cent.

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