For the second day in succession, domestic indices continued to rise on Wednesday and closed around the day’s high mainly due to buying in select heavyweights in Banking and Energy sectors.
The 30-share pack Sensex rose 611.55 points or 1.09 per cent to close at 56,930.56 while its broader peer NSE Nifty jumped 184.60 points or 1.10 per cent to 16,955.45.
Although the investors were on a cautious note4 due to spread of Omicron variant of Coronavirus, they indulged in buying in select growth oriented sectors rather than going around in the market.
Zee Ent closed flat despite signing merger agreement with Sony. India Cements went up 6 per cent as Damani increased his stake. Vedanta ended 2 per cent higher after promoter raised stake.CMS Info Systems IPO subscribed 64 per cent till now.
Among the gainers were Hindalco Industries, rising 3.95 per cent. The others were Tata Motors, Divi’s Labs, Eicher Motors, Bajaj Finance, Bharati Airtel, L&T and UPL.
Among the losers were SBI Life Insurance. The others were WIPRO, Grasim Industries, Nestle India, ITC, Indian Oil and Britannia.
All sector indices on NSE ended in the green. Nifty Realty was the top gainer, up 2.95 per cent. It was followed by Nifty Pharma with 1.99 per cent gain. The other gainers were Nifty Auto and Nifty Metal.
Market breadth was in favour of gainers as 2434 stocks ended in the green, while 980 others settled with cuts.
