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.
Ahead of Reserve Bank of India’s (RBI) monetary policy statement on Thursday, Indian equity markets continued their bullish trend and closed Wednesday’s trading session at record highs.
The NSE Nifty ended at record-closing high, up 27 points or 0.30 per cent at 9,265. The BSE Sensex closed 64 points or 0.21 per cent higher at 29,974.
In the broader markets, BSE Midcap and BSE Smallcap indices jumped 0.5 per cent and 1.1 per cent respectively.
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Among the BSE sectoral indices, Realty index closed with the biggest gain, up 4.1 per cent. Consumer Durables (up 2.4 per cent), Telecom (up 1.8 per cent), Capital Goods (up 1.5 per cent) and Auto (up 1.1 per cent) indices were other notable gainers. IT and Teck indices declined 0.8 per cent and 0.2 per cent respectively.
On Monday also, the NSE Nifty had closed at record-closing high, up 69 points or 0.75 per cent at 9,243. The BSE Sensex had closed 290 points or 0.98 per cent higher at 29,910. Indian eqiuty markets ramined shut on Tuesday on account of Ram Navami holiday.
Top gainers in the Sensex-30 pack: Adani Ports (up 4.5 per cent), Maruti Suzuki (up 4.4 per cent), Reliance Industries (up 3.2 per cent), L&T (up 2.2 per cent) and HUL (up 1.8 per cent).
Top losers in the Sensex-30 pack: HDFC (down 2.8 per cent), Coal India (down 1.7 per cent), Infosys (down 1.4 per cent), Asian Paints (down 1 per cent) and ITC (down 1 per cent).
Asian markets ended with mixed moves. Japan’s Nikkei 225 Index lost 0.9 per cent, Singapore’s Straits Times Index slipped 0.3 per cent, Hong Kong’s Hang Seng index jumped 0.6 per cent, Korea’s KOSPI index fell 0.4 per cent and China’s Shanghai Composite Index gained 0.4 per cent.
European markets opened with marginal gains. FTSE 100 and CAC 40 gained 0.3 per cent and 0.1 per cent respectively while DAX index slipped 0.1 per cent.
Back home the Rupee closed 15 paise higher at 64.87 against the US Dollar.
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