Sensex & Nifty Close With Shine: 283-Point Jump, 25,800 Crossed
Stock Market highlights: Sensex jumps 283 points to close, Nifty crosses 25,800: Today, at the end of the trading, BSE Sensex rose by 283.29 points or 0.34% to close at 83,734.25, while Nifty rose by 93.95 points or 0.37% to close at 25,819.35.
At the end of the trading session, the Midcap and Smallcap indices gained 0.4%, and all sectors except IT closed in the green. Nifty Midcap and Smallcap indices gained 0.4-0.4% in Wednesday’s trading.
All sectors closed with gains except the IT index:
On the sectoral front, all sectors closed with gains except the IT index. The IT index declined by 1.3%. The metal, FMCG, and PSU bank indices gained around 1% each. Major gainers on the Nifty included Tata Steel, HDFC Life, ITC, Tata Consumer, and Axis Bank. Losers included ONGC, Eternal, Wipro, Tech Mahindra, and Adani Enterprises.
Vinod Nair, Head of Research at Geojit Investments Ltd., said that after a cautious start, Indian markets saw a strong rally towards the end due to broad-based buying. Positive domestic trends helped offset global concerns. Banking and financial stocks stayed strong on hopes of stable asset quality, while selective buying supported FMCG stocks.
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