Stock market bounces back; banks, metals shine
Sensex was up 599.34 points, or 0.83 per cent at 73,088.33, while the Nifty was up 151.20 points or 0.69 per cent at 22,147.
Despite weak Asian market, Indian bourses extended previous gains and traded marginally higher ahead of the US Federal Reserve’s policy meeting outcome.
At 11.00 am on Wednesday, the Sensex at the BSE was trading 21 points up at 29,464 and the Nifty at the NSE was trading 10 points higher at 9,097.
Broader markets outperformed the benchmark indices. BSE Midcap and Smallcap indices jumped around 0.7 per cent each.
Advertisement
Among the BSE sectoral indices, Telecom index jumped the most, up 1.9 per cent, while IT index became the top loser, down 1.2 per cent.
On Tuesday, the Sensex had closed 496 points higher at 29,443 and the Nifty had closed 152 points up at 9,087 after touching all-time high at 9,122.
Top gainers in the Sensex-30 pack: Reliance Industries (up 1.4 per cent), SBI (up 1.3 per cent), Adani Ports (up 1 per cent), ITC (up 0.6 per cent) and Tata Steel (up 0.6 per cent).
Top losers in the Sensex-30 pack: TCS (down 1.8 per cent), Infosys (down 1.6 per cent), Wipro (down 0.8 per cent), L&T (down 0.8 per cent) and HUL (down 0.7 per cent).
In the Asian markets, China’s Shanghai Composite Index inched up 0.1 per cent, Japan’s Nikkei 225 Index slipped 0.3 per cent, Hong Kong’s Hang Seng fell 0.1 per cent and Singapore’s Straits Times index lost 0.4 per cent.
Meanwhile, the Rupee was trading 32 paise higher at 65.65 against the US Dollar.
Advertisement
