BSE Sensex rose 397.74 points, or 0.49 per cent, to settle at 82,307.37, while the NSE Nifty gained 132.40 points, or 0.53 per cent, to end the day at 25,289.90
Indian equity markets rebounded sharply on Wednesday, snapping a three-session losing streak as broad-based buying lifted benchmark indices, with the Nifty closing just shy of the 25,300 mark.
The BSE Sensex rose 397.74 points, or 0.49 per cent, to settle at 82,307.37, while the NSE Nifty gained 132.40 points, or 0.53 per cent, to end the day at 25,289.90.
Market breadth remained firmly positive. As many as 2,803 shares advanced, compared with 1,235 declines, while 146 stocks ended unchanged, reflecting strong participation across the board.
Gains on the Nifty were led by Dr Reddy’s Laboratories, Bharat Electronics, Adani Ports, Adani Enterprises and Tata Steel, supported by buying interest in pharma, defence and metal stocks.
On the downside, SBI Life Insurance, Eternal, Eicher Motors, Titan Company and Max Healthcare weighed on the index.
Sectorally, most indices finished in the green, underlining the recovery in sentiment. FMCG, power, metal, media, PSU banks and pharma stocks rose between 1 and 2 per cent. Realty and consumer durables were the only sectors to end the session in the red.
The broader market outperformed the benchmarks, with the BSE midcap and smallcap indices climbing more than 1 percent each, signalling renewed risk appetite among investors after recent volatility.
End of Article
Leave a Reply