Mumbai : The benchmark Sensex failed to go the distance on the first day of 2016 as it rose a modest 43 points at 26,160.90, a one-month high, helped by select auto, capital goods and realty stocks.
For the week, both indices – the Sensex and the Nifty – ended 1.25 per cent and 1.30 per cent higher, their third straight weekly gains.
The 30-share barometer started on a weaker note, but ended higher by 43.36 points, or 0.17 per cent, at 26,160.90 — its highest closing since December 1.
The gains were on the back of lower volume as major international markets were shut for New Year holiday, and the low investor participation. Tata Motors was on the top of the heap, up 2.66 per cent, followed by Adani Ports (2.65 per cent).
Going forward, investors are waiting for the second week of January to get a fix on how corporate earnings numbers play out. Pramit Brahmbhatt, CEO, Veracity Group, said, “Today’s upmove was on the back of across-the-board buying, barring IT stocks.”
