INDIAN EQUITY MARKET ENDED HIGHER FOR TENTH CONSECUTIVE SESSION

Domestic Equity market traded higher on Wednesday supported by buying in financial counters.

The BSE Sensex gained 169.23 points, or 0.42 per cent to end at 40,794.74 levels.16 out of 30 stocks were in advance while 14 stocks were in decline.It touched intraday high of 40,880.25 and low of 40,279.55.

The NSE's Nifty50 ended at 11,971.05, up 36.55 points, or 0.31 per cent.26 out of 50 stocks were in advance while 24 stocks were in decline. It touched intraday high of 11,997.20 and low of 11,822.15.

On Sectoral Front, Bank, Realty, Media, FMCG, Metal Indexes were the gainers with a gain of 1.63%, 1.06%,0.24%, 0.11%,0.10% respectively whereas IT, Energy, Pharma, Auto Indexes were the losers with a loss of 1.28%, 1.05%, 0.67%, 0.27% respectively.

On BSE, Shares of Bajaj Finserv, Bajaj Finance, ICICI Bank, IndusInd Bank, SBI, Tata Steel, Axis Bank ,L & T ,HDFC were in gainer side with a gain of 3.87%, 3.00%, 2.69%, 2.34%, 2.25%, 2.19%, 2.11%, 2.06%,1.85% respectively while shares of NTPC, ONGC, Powergrid, Tech Mahindra, Infosys, ITC were the losers with a loss of 4.35%,2.97%, 2.33%, 2.13%, 1.89%, 1.38% respectively.

On NSE, Bajaj Finserve, SBI Life ,Bajaj Finance, IndusInd Bank, ICICI Bank, Axis Bank, L & T, Tata Steel, Grasim, HDFC were the gainers with a gain of 4.10%,3.41%, 2.81%, 2.42%,2.40%, 2.31%, 2.11%, 2.06%, 1.83%, 1.79% respectively while shares of Wipro, NTPC, ONGC, Coal India, Tata Motors, Tech Mahindra, Powergrid, BPCL, Infosys, IOC were in the loser side with a loss of 7.06%, 4.11%, 3.11%, 2.81%, 2.68%, 2.33%, 2.15%, 2.06%, 1.71%, 1.71% respectively.

Asian markets were little changed in early trading on Wednesday as traders digested a speech by Chinese President Xi Jinping.

European markets traded lower on Wednesday following Wall Street's Tuesday decline and a muted session in Asia.

TOP STOCKS IN NEWS:

Bajaj Finserv emerged as the top gainer of today’s trading session after it applied for a mutual fund license.

SBI gained over 2% as Walmart-owned Flipkart has partnered with State Bank of India and with SBI Card, India’s largest pure play credit card issuer - to provide both their Debit and Credit cards holders a 10% instant discount.

Wipro loser over 7% a day after the software services firm posted quarterly organic revenue growth that was lower than peers and disappointed some investors with its plans to revive growth.