Stock market extends winning steak; PSU bank at new high
Sensex closed 487 points, or 0.66%, higher at 74,339.44 while the Nifty closed the day with a gain of 168 points, or 0.75%, at 22,570.35 on the monthly F&O expiry day.
Tracking mixed Asian markets, domestic bourses started Wednesday’s trading session on a flat note with Midcap and Smallcap indices outperforming the front liners.
At 9.30 am, the Sensex was trading four points or 0.01 per cent up at 29,793 while the Nifty50 was trading three points or 0.03 per cent higher at 9,240.
In broader markets, BSE Midcap and BSE Smallcap indices surged around 0.4 per cent each.
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All the BSE sectoral indices, except Capital Goods index, were trading in the positive zone with Metal index leading the gains, up 0.7 per cent. Capital Goods index slipped 0.1 per cent.
On Tuesday, the BSE Sensex closed 213 points or 0.72 per cent higher at 29,788, while the NSE Nifty ended 56 points or 0.61 per cent lower at 9,237.
Top gainers in the Sensex-30 pack: Axis Bank (up 0.9 per cent), Gail (up 0.9 per cent), Power Grid (up 0.7 per cent), Hero Motocorp (up 0.6 per cent) and Infosys (up 0.6 per cent).
Top losers in the Sensex-30 pack: Lupin (down 1 per cent), Adani Ports (down 0.6 per cent), Tata Motors (down 0.5 per cent), L&T (down 0.5 per cent) and ITC (down 0.5 per cent).
Asian markets were trading with more declines and fewer gains. Japan’s Nikkei 225 Index lost 1.4 per cent, Singapore’s Straits Times Index slipped 0.1 per cent, Hong Kong’s Hang Seng index fell 0.2 per cent, Korea’s KOSPI index rose 0.1 per cent and China’s Shanghai Composite Index fell 0.3 per cent.
Back home, the Rupee was trading nine paisa down at 64.72 against the US Dollar.
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