Sensex ends 87 pts higher; RIL, Yes Bank lead recovery

Mumbai, Jan 24: Domestic equity market Thursday witnessed moderate recovery after choppy trade as both Sensex and Nifty reversed their two-day losing spell on the back of gains in heavyweights  RIL, ITC and Yes Bank.

During the session, the BSE benchmark Sensex swung over 260 points both ways on alternate bouts of buying and selling by participants.

The 30-share index, after opening higher at 36,146.55 points, slipped into the negative terrain to crack below the 36,000-mark.

However, it staged a comeback on emergence of buying in late afternoon trade to close the day 86.63 points, or 0.24 per cent, higher at 36,195.10.

The gauge had lost over 470 points in the previous two sessions.

Similarly, the 50-share NSE Nifty closed higher by 18.30 points, or 0.17 per cent, at 10,849.80 after shuttling between 10,866.35 and 10,798.65.

Among Sensex components, shares of Reliance Industries, India's largest company by market value, stole the show by surging 1.61 per cent to their highest in over three months.

Yes Bank zoomed 8.39 per cent after private sector lender Thursday named Ravneet Singh Gill, currently heading Deutsche Bank India, as the managing director and chief executive to succeed Rana Kapoor, whose term ends on January 31.