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Indices end higher; Sensex closes over 58,800
TIWN
Indices end higher; Sensex closes over 58,800
PHOTO : TIWN

Mumbai, Aug 26 (TIWN) Benchmark indices ended higher for the straight second day, with Sensex rising marginally up with 59 points and Nifty up 36 points.

At close, Sensex ended up 59.15 points or 0.10 per cent at 58, 833.87, and Nifty ended 36.45 points or 0.21 per cent up at 17, 558.90. About 1, 991 shares have advanced, 1, 428 shares have declined and 146 shares remained unchanged.

NTPC, Titan, Power Grid Corporation of India, Kotak Mahindra Bank, Larsen and Toubro, Tech Mahindra were among the major gainers on the BSE.

BSE LargeCap ended 0.26 per cent, BSE MidCap and BSE SmallCap ended up 0.40 per cent and 0.35 per cent, respectively.

"Markets managed to end marginally higher in a volatile trading session, in continuation of the prevailing consolidation phase. After the initial up-tick, the benchmark inched gradually lower as the session progressed. Meanwhile, a mixed trend on the sectoral front kept the participants busy wherein metal and energy posted decent gains, " said Ajit Mishra, VP - Research, Religare Broking Ltd.

Asian markets rose on Friday after a Wall Street rally ahead of a speech by Federal Reserve boss Jerome Powell that is expected to reiterate his plan to ramp up interest rates to fight inflation.

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