Ways2Capital Morning Update : Sensex, Nifty Gain Strength Amid Volatility

Benchmark indices gained strength after weak opening, with the Nifty inching towards 8400 level. The market digested US President Donald Trump’s inauguration speech. The 30-share BSE Sensex was up 94.94 points at 27129.44 and the 50-share NSE Nifty gained 36.75 points at 8386.10.
The broader markets also traded in line with benchmarks on positive breadth. About 1278 shares advanced against 570 declining shares on the BSE.
HDFC Bank, ITC, Tata Motors, HDFC and ONGC were top five contributors to Sensex’s gains, up 1-1.6 percent whereas ICICI Bank, L&T and Axis Bank remained under pressure from early trade.
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