Sensex Gains 148 Points, Nifty At 22,908; Mid, Smallcap Shares Outperform – News18
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Indian benchmark indices, BSE Sensex and Nifty50, opened flat with a slight positive bias on Wednesday, despite weak global cues
Stock Market Today
Sensex Today: Benchmark Indian equity indices extended their upward momentum for the third consecutive session, closing with gains on Wednesday. The 30-share Sensex reached an intra-day high of 75,568.38 before settling at 75,449.05, up by 147.79 points or 0.20% from the previous close.
Similarly, the NSE Nifty50 ended at 22,907.60, gaining 73.30 points or 0.32%. The index traded within a range of 22,940.70 to 22,807.95 during the day.
Out of the 50 constituent stocks of the Nifty50, 31 ended higher, with notable gains led by Shriram Finance, HDFC Life, Apollo Hospitals, Tata Steel, and Power Grid Corporation, rising by up to 3.91%. On the other hand, 19 stocks, including Tech Mahindra, Britannia, TCS, Infosys, and Sun Pharma, ended in the red, with declines of up to 2.32%.
Broader indices outperformed the benchmarks, with both the Nifty Midcap100 and Nifty Smallcap100 indices rising by more than 2%. Among sectoral indices on the NSE, all except Nifty FMCG and IT ended in positive territory.
Global Cues
US markets closed in the red on Tuesday, after after two straight sessions of gains.
The Dow Jones Industrial Average lost 260.32 points, or 0.62 per cent, to close at 41,581.31. The S&P 500 shed 1.07 per cent, ending at 5,614.66, and the Nasdaq Composite dropped 1.71 per cent to settle at 17,504.12.
Markets in the Asia-Pacific region were mixed on Wednesday, tracking declines on Wall Street overnight after a sell-off in tech stocks there picked up pace.
Japan’s benchmark Nikkei 225 was up 0.54 per cent, and the broader Topix index gained 0.88 per cent, as investors awaited the Bank of Japan’s announcement of its monetary policy decision later in the day, where it is widely expected to hold interest rates steady at 0.5 per cent.
South Korea’s Kospi was ahead by 0.67 per cent, and the small-cap Kosdaq was lower by 0.67 per cent.
Mainland China’s CSI 300 was lower by 0.82 per cent, while Hong Kong’s Hang Seng Index declined by 0.46 per cent.
Meanwhile, Australia’s S&P/ASX 200 was trading flat with a positive bias.
