Domestic equity Market traded in the positive territory on Wednesday led by across the board gains amid positive global cues. Global share markets inched higher on Wednesday after a stunning reboot in US tech stocks. Net selling of FII/FPI was at Rs.15.69 crore while net buying of DII was at Rs.447.67 crore.The Sensex ended 254.03 points or 0.50 percent higher at 51,279.51 with shares of Bajaj Finance, Sun Pharma, Tech Mahindra, Axis Bank, Bajaj Auto, Infosys, HCL Tech, IndusInd Bank ,HUL with having gains of 2.34%, 2.18%, 2.06%, 2.02%, 1.80%, 1.66%, 1.54%, 1.52%, 1.36% respectively while shares of ONGC, Kotak Bank, ITC, HDFC Bank, Powergrid, Reliance, Maruti with having loss of 2.05%, 0.89%, 0.63%, 0.44%, 0.39%, 0.39%, 0.37% respectively. The NSE Nifty closed at 15,174.80, up by 76.40 points or 0.51% with sectors like Metal, IT, Pharma, Auto, Realty, FMCG Indexes were the gainers with having gains of 1.87%, 1.67%, 1.48%, 0.91%, 0.61%,0.56% respectively while energy Index was the only loser with having a loss of 0.28%.
TOP STOCKS IN NEWSCAST:
Bajaj Finance surged over 2% as the company offers higher returns on your deposit, which are unaffected by external factors, like market fluctuations, or changing economic policies.
Sun Pharma gained over 2% as the company’s wholly-owned subsidiary has acquired 428,571 ordinary shares (equivalent to 12.5% fully diluted equity stake) of WRS Bio products Pty Ltd. by making the payment of AUD 2.0 Mn and complying with all requirements.
Axis Bank rose over 2% as the bank launched its own range of wearable contactless payment devices. Dubbed as ‘Wear N Pay’, these wearable devices are directly linked to the customers’ bank account and function like a regular debit card.
Bajaj Auto surged over 1% as the company has launched the all-new Platina 110 with a segment first ABS (Anti-lock Braking System). Priced at INR 65,920, the ABS braking technology provides for best-in-class braking that prevents skidding or loss of control in sudden-braking scenarios.