Equity benchmarks closed with gains on Wednesday amid buying at banking counters and a firm trend in global markets. Extending gains for the second straight session, the Sensex closed 91.62 points, or 0.15 per cent, higher at 61,510.58. During the day, the index rose 361.94 points, or 0.58 per cent, to 61,780.90. The Nifty closed at 18,267.25, up 23.05 points or 0.13 per cent.
gainer of sensex
State Bank of India (1.44%), Bajaj Finance (1.41%), Dr Reddy’s (1.31%), Maruti (0.74%), Kotak Mahindra Bank (0.71%) and Sun Pharma (0.76%) were the top Sensex gainers.
Power Grid (1.24%), Tech Mahindra (0.66%), Bharti Airtel (0.54%), HUL (0.48%) and Bajaj Finserv (0.44%) were among the top losers.
Market breadth was positive with 1,850 scrips falling against 1647 scrips falling on the BSE. There was no change in 130 shares.
Kunal Shah, Senior Technical Analyst, LKP Securities said, “Bears continued to hold and the index saw selling pressure around 18,300-18,350 resistance zone. Options data indicates a resistance at 18,300 where highest OI has been created.” A day before monthly expiry. The index is showing lower-end support at 18,200-18,150, which will act as a cushion for the bulls. Bulls need to decisively cross the 18,350 level so that 18,500 continue to accelerate towards the level of “.
Banking and oil and gas stocks were the top gainers in their BSE indices with gains of 323 points and 133 points, respectively. Foreign institutional investors (FIIs) sold shares worth Rs 697.83 crore on Tuesday, according to exchange data.
Indian markets ended with gains after three sessions on Tuesday amid buying in key indices Infosys and Reliance Industries. The Sensex closed at 61,418.96, up 274.12 points or 0.45 per cent. During the day, it rose 321.79 points, or 0.52 per cent, to 61,466.63. The Nifty closed at 18,244.20, up 84.25 points or 0.46 per cent.
In other Asian markets, Seoul, Shanghai and Hong Kong closed with gains. Equity exchanges in Europe were trading mostly in the green in afternoon trade. Wall Street closed with gains on Tuesday. International oil benchmark Brent crude was trading 1.05 per cent higher at $89.29 per barrel.
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