The benchmark BSE Sensex surged over 190 points and the NSE Nifty reclaimed the 8,500-mark on Wednesday as traders continued buying, tracking a firm trend in other Asian bourses following record US markets’ closing. Short-covering of bets, on Wednesday being the last session of January expiry in the derivatives segment, kept the overall tempo up. The 30-share index had gained 341.08 points in the previous two sessions.
Metal, banking, capital goods, FMCG, oil and gas, IT and auto sector stocks were leading the rally, which lifted sentiments. Bucking the trend, shares of telecom major Bharti Airtel plunged 3.27% to Rs 306 on nervous selling after the company yesterday reported over 54% fall in consolidated net profit to Rs503.7 crore for the October-December quarter. Brokers said that the market mood remained buoyant, bolstered by domestic and foreign institutional investors’ buying coupled with a firming trend overseas, especially the US markets which ended on a big high in Wednesday’s trade acknowledging new President Donald Trump’s economic policies.
1.45pm: BSE Sensex trades higher by 196 points, or 0.72%, to 27,572, while the Nifty 50 rises 77 points, or 0.91%, to 8,553. Wockhardt Ltd shares fall over 2.65% to trade at Rs 664.30 against the previous session’s closing of Rs682.40.
Metal, banking, capital goods, FMCG, oil and gas, IT and auto sector stocks were leading the rally, which lifted sentiments. Bucking the trend, shares of telecom major Bharti Airtel plunged 3.27% to Rs 306 on nervous selling after the company yesterday reported over 54% fall in consolidated net profit to Rs503.7 crore for the October-December quarter. Brokers said that the market mood remained buoyant, bolstered by domestic and foreign institutional investors’ buying coupled with a firming trend overseas, especially the US markets which ended on a big high in Wednesday’s trade acknowledging new President Donald Trump’s economic policies.
1.45pm: BSE Sensex trades higher by 196 points, or 0.72%, to 27,572, while the Nifty 50 rises 77 points, or 0.91%, to 8,553. Wockhardt Ltd shares fall over 2.65% to trade at Rs 664.30 against the previous session’s closing of Rs682.40.
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