Closing Bell: Sensex jumps 214 points, Nifty up 42 points ahead of MPC meet
- Sensex ended 214.17 points or 0.37% higher at 58,350.53
- Nifty moved up by 42.70 points or 0.25% to 17,388.15
- The rupee slumped 68 paise to close at 79.21 against the US dollar
Indian equity benchmarks made a comeback during the fag-end of trade on Wednesday, with the Sensex surging over 214 points amid continuous foreign fund inflows and a largely positive trend in global markets. Buying in IT counters and Reliance Industries added to the momentum.
The Sensex ended 214.17 points or 0.37% higher at 58,350.53. During the day, it touched a high of 58,415.63 and a low of 57,788.78. The Nifty moved up by 42.70 points or 0.25% to 17,388.15.
The broader indices ended in red with the BSE Midcap index down by 0.60%, while the Small cap index was down by 0.28%. The only gaining sectoral indices on the BSE were IT up by 1.28% and TECK up by 1.13%, while Telecom down by 1.26%, Capital Goods down by 0.82%, Auto down by 0.78%, Realty down by 0.73%, and Healthcare down by 0.65% were the top losing indices on BSE.
Major gainers from the Sensex pack were Tech Mahindra up by 1.97%, TCS up by 1.51%, Infosys up by 1.44%, Titan Company up by 1.27%, Asian Paints up by 1.22%, ICICI Bank up by 0.97%, Bharti Airtel up by 0.92% and Reliance up by 0.88%.
Among the losers were Maruti Suzuki down by 2.29%, Sun Pharma down by 2.17%, Kotak Mahindra down by 1.75%, IndusInd Bank down by 0.90%, Bajaj Finance down by 0.65%, and ITC down by 0.50%.
The rupee slumped 68 paise to close at 79.21 against the US dollar as disappointing macroeconomic data weighed on investor sentiment.
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European markets were trading in the green during mid-session deals. The US stock markets had ended lower on Tuesday.
Brent crude, the international oil benchmark declined 0.91% to $99.63 per barrel.
According to stock exchange data, foreign institutional investors remained net buyers in the capital markets as they bought shares worth Rs 825.18 crore on Tuesday.