Benchmark Indices on Dalal Street soared higher on Wednesday, for the fourth day in succession as buying continued unabated apparently due to the belief of investors that India Inc might throw some surprises in the coming trading sessions.
Domestic investors were also influenced by the buying spirit among investors in the Global Markets and this supported the buying spirit in the Share Markets in India.
The 30 share-pack Sensex rose 533.15 points or 0.88 per cent to close at 61,15004 while its broader peer Nifty went up 156.60 points or 0.87 per cent to end at 18,212.35, thereby making both the indices to inch very close to their all time highs.
Metals, Realty and Auto stocks witnessed heavy buying while some Pharma stocks saw selling.
NMDC rose over 3 per cent as JP Morgan upgraded rating. Vodafone Idea shares bounced 9 per cent amidst bottom fishing. However, Tata Teleservice fell 5 per cent after proposing tunning debt to equity. EaseMyTrip ended in the red as its Board approved 1:1 bonus shares. India VIX, the barometer of future volatility, fell 3 per cent to 17.18.
Among the gainers were M&M, rising 4.53 per cent followed by Bharati Airtel, IndusInd Bank, Hindalco Industries, ONGC and HDFC Life Insurance.
Among the losers in the Nifty pack were Titan Company which fell 1.60 per cent. The others were TCS, Shree Cement, Britannia Industries, Cipla, BPCL, Tech Mahindra and HDFC Bank.
Market Breadth was in favour of gainers as 1839 stocks ended in the Green while 1611 others settled with cuts.
