Domestic Equity Market ended the trading session with a bullish note on Wednesday led by pharma and metal stocks amid strong global cues.
The BSE Sensex rallied 316 .02 points, or 0.73 per cent to settle at 43,593.67levels.It touched intraday high of 43,708.47 and low of 42,970.21.24 out of 30 stocks were in advance while 6 stocks were in decline.
The NSE Nifty50 ended at 12,749.15, up 118 points, or 0.93 per cent.43 out of 50 stocks were in advance while 7 stocks were in decline. It touched intraday high of 12,769.75 and low of 12,571.10.
On Sectoral Front, Pharma,Metal,IT,Auto,FMCG,Bank,Realty,Energy Indexes were the gainers with a gain of 3.59%, 3.46%, 1.68%, 1.57%, 1.15%, 0.84%, 0.77%, 0.39% respectively while Media Index was the loser with a loss of 0.27%.
On BSE, shares of Tata steel,Axis Bank,Bajaj Finance,ITC,Kotak Bank,Sun Pharma,Infosys, L & T ,Bharti Airtel were the gainers with a gain of 7.39%, 4.28%, 3.94%,3.87%, 3.12%, 3.01%,2.90%, 2.56%, 2.56% respectively while shares of IndusInd Bank,Reliance,Titan,Asian Paints,HUL,HDFC Bank were the losers with a loss of 5.62%, 4.20%, 2.33%, 0.95%, 0.34%, 0.28% respectively.
On NSE, Shares of Hindalco,Tata steel,Dr. Reddy,Axis Bank,Eicher Motors,ITC,Bajaj Finserv,Hero Moto Corp were the gainers with a gain of 8.03%, 7.66%, 4.15%, 4.14%, 3.93%, 3.87%, 3.78%, 3.69% respectively while shares of IndusInd bank,Reliance,Titan,Asian Paints,Britannia,HDFC Bank,HUL were the losers with a loss of 5.23%,4.13%, 2.09%, 0.90%, 0.47%, 0.41%, 0.03%respectively.
Asian Market advanced on Wednesday after a worldwide rally spurred by hopes that a COVID-19 vaccine will help the global economy return to normal.
European stocks were modestly higher on Wednesday, continuing to climb as hopes rise over a forthcoming coronavirus vaccine.
TOP STOCKS IN NEWS:
Hindalco gained over 8% as Hindalco’s US subsidiary Novelis reporting record profitability, the firm’s strong all-round domestic performance too impressed the Street.
Tata steel gained nearly 8% on expectation of steady domestic steel production and consumption going forward.
ITC gained over 3% as Diversified conglomerate ITC is looking to grab a bigger bite of the Rs 11,000-crore chocolate segment in the country with over a dozen launches in the category for the festive season.