Sensex Up 146 Points, Nifty Holds 17,500 Tracking Mixed Global Cues

Sensex Up 146 Points, Nifty Holds 17,500 Tracking Mixed Global Cues

Sensex and Nifty, the two key equity benchmarks, on Wednesday closed higher after rallying for the fourth straight session amid mixed global cues. The domestic indices ended day’s trade in the green mostly because of buying in index majors Reliance Industries and HDFC twins.

The BSE Sensex rose by 146 points (0.25 per cent) to settle at 59,107. During the day, it rallied 439 (0.74 per cent) to 59,399. It hit an intra-day high of 59,400. On the other hand, the broader NSE Nifty advanced 25 points (0.14 per cent) to end at 17,512.

On the 30-share Sensex pack, Nestle, HDFC, Axis Bank, Reliance Industries, ITC, HDFC Bank, and UltraTech Cement were the prominent winners. On the flip side, NTPC, State Bank of India, Bajaj Finserv, HCL Technologies, Dr Reddy’s, Infosys, and Maruti were among the laggards.

In the broader markets, the BSE MidCap index gained 0.13 per cent, while the BSE SmallCap index dipped 0.03 per cent.

Sectorally, the Nifty IT, and Metal indices fell up to 1 per cent, while the Nifty Oil & Gas index added 0.57 per cent.

The overall sentiment of the 30-share Sensex platform stood negative as 11 scrips advanced while 19 declined.

In the previous session on Tuesday, the BSE benchmark jumped 549 points (0.94 per cent) to settle at 58,960, while the Nifty surged 175 points (1.01 per cent) to end at 17,486.

Among other Asian markets, Seoul, Shanghai and Hong Kong ended lower, while Tokyo settled in the green. Stock exchanges in Europe were trading on a mixed note in mid-session deals. Wall Street ended higher on Tuesday.

International oil benchmark Brent crude was trading 0.72 per cent higher at $90.54 per barrel.

Foreign institutional investors (FIIs) remained net sellers in the capital market on Tuesday as they offloaded shares worth Rs 153.40 crore, as per exchange data.

Meanwhile, the rupee plunged 61 paise to decline below the 83-mark for the first time against the US dollar on Wednesday amid unabated foreign capital outflows and a strong dollar in the overseas markets.

At the interbank foreign exchange market, the local currency opened strong at 82.32 but later pared gains to settle at an all-time low of 83.01(provisional) against the American currency, down 61 paise over its previous close. In the previous session on Tuesday, the rupee slipped 10 paise to end at 82.40 against the dollar.