Domestic Equity Market ended higher on Wednesday led by heavy buying in the auto and financial segment.
The BSE Sensex ended at 44,180.05 levels, up 227.34 points, or 0.52 per cent.15 out of 30 stocks were in advance while 15 stocks were in declines.
The NSE's Nifty closed the session at 12938.25, up 64.05 points, or 0.50 per cent.26 out of 50 stocks were in advance while 24 stocks were in decline. It touched intraday high of 12,948.85 and low of 12,819.35.
On Sectoral front, Auto, Realty, Bank, Media, Metal Indexes were the gainers with a gain of 3.10%, 2.05%, 1.95%, 0.54%, 0.40% respectively while FMCG,IT, Pharma, energy Indexes were the losers with a loss of 1.08%, 0.81%,0.67%, 0.09% respectively.
On BSE, Shares of Mahindra & Mahindra , L & T, IndusInd Bank, Bajaj Finserv, SBI, Bajaj Finance, ICICI Bank ,Kotak Bank, Axis Bank were the gainers with a gain of 10.76%, 6.15%, 5.67%, 5.62%, 4.93%,3.73%, 2.31%, 1.86%, 1.18% respectively while shares of HUL,ITC, Titan, TCS, Bharti Airtel, Infosys, Tech Mahindra ,Tata steel were the losers with a loss of 2.07%, 1.74%, 1.69%, 1.51%, 1.26%, 1.18%, 1.17% respectively.
On NSE, shares of Mahindra & Mahindra, Tata Motors, Bajaj Finserv, L & T, IndusInd Bank, SBI, Bajaj Finance, Adani Ports, Eicher Motors, Hindalco ,ICICI Bank were the gainers with a gain of 10.64%, 9.30%, 6.44%,6.04%, 5.92%, 5.12%, 3.84%, 3.06%, 2.77%, 2.48%, 2.30% respectively while shares of BPCL,HUL, Dr. Reddy, Titan, TCS, ITC, Bharti Airtel, Hero Moto corp, Tech Mahindra, sun Pharma, Tata steel were the losers with a loss of 2.85%, 1.98%, 1.70%, 1.57%, 1.50%, 1.49%, 1.43%, 1.42%, 1.22%, 1.10%, 1.09% respectively.
Asian stock markets were mixed on Wednesday as worries about the long-term impact of the coronavirus pandemic tempered enthusiasm about possible vaccine development.
European stocks were muted on Wednesday as a global market rally falters following a spate of positive coronavirus vaccine news.
TOP STOCKS IN NEWS:
Mahindra & Mahindra gained over 10% on today’s trading session on hope of faster recovery in its core operations following continued divestment of loss making business.
Tata Motors rose over 9.00% on the expectation of improvement in demand outlook.
L & T jumped over 6% after the company bagged biggest orders ever from Tata Steel.
Bajaj Finance gained over 3% as the company had reported in-line performance with elevated Covid provisions, lower opex, which enabled higher-than-expected operating profit and standstill status kept the asset quality stable.