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Indian stock market daily closing report (January 31, 2012)

January 31, 2012, Tuesday, 13:34 GMT | 08:34 EST | 18:04 IST | 20:34 SGT
Contributed by Nirmal Bang


Indian markets bounced back in todayfs trade, gaining more than 2%, tracking positive global cues. The markets have reported highest ever monthly gains of 11% in the month of January since September 2010. ICICI bank gained around 6% today on account of better than expected (20.25% YoY) growth in its net profit at Rs 1,728 crore on improvement in non]performing assets (NPAs). Due to less than expected Q3 result PNB was the only Bankex constituent to end in red today.

The Nifty ended up 111.95 points today, to close at 5199.25. The Sensex ended up 330.25 points, at 17,193.55. The breadth of the market was positive in todayfs trade and the total volumes were at Rs 103580 cr.