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.
Awaiting US Federal Reserve’s interest rates decision, Indian equity markets closed Wednesday’s trading session on a flat note with Midcap and Smallcap indices posting gains.
The Sensex at the Bombay Stock Exchange (BSE) ended 45 points down at 29,398 and the Nifty at the National Stock Exchange (NSE) closed two points lower at 9,085.
However, broader markets closed in the positive zone. BSE Midcap and Smallcap indices surged 1.1 per cent and 0.6 per cent respectively.
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Among the BSE sectoral indices, Telecom index jumped the most, up 1.8 per cent, while IT index became the top loser, down 1.8 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: Hero Motocorp (up 1.2 per cent), Tata Steel (up 1.2 per cent), Reliance Industries (up 1.2 per cent), SBI (up 1 per cent) and Tata Motors (up 0.7 per cent).
Top losers in the Sensex-30 pack: TCS (down 2.4 per cent), Infosys (down 2.2 per cent), HUL (down 1.5 per cent), Wipro (down 1.4 per cent), and Coal India (down 0.9 per cent).
Asian markets also registered declines. China’s Shanghai Composite Index rose 0.1 per cent but Japan’s Nikkei 225 index, Hong Kong’s Hang Seng index, and Singapore’s Straits Times Index slipped around 0.2 per cent each.
However, the Rupee was trading 21 paise higher at 65.75 against the US Dollar.
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