Tata Motors was prime Sensex gainer, the inventory rose over 6 per cent to Rs 274 on heavy volumes
The benchmark indices ended at file highs on Wednesday, with the BSE Sensex closing in on the 50,000 mark, on the again of intense shopping for in auto and knowledge know-how shares. Better-than-expected company earnings within the December quarter and hopes of daring financial reforms within the upcoming Budget bolstered investor sentiment, analysts stated.
The BSE Sensex rose to an intra-day excessive of 49,874.42 earlier than ending at 49,792.12, up 393.83 factors or 0.80 per cent and the Nifty 50 index closed above 14,600 at 14,644.70, up 123.55 factors or 0.85 per cent. The broader markets additionally had a powerful closing; the S&P BSE MidCap index rose 1 per cent at 19,156.55 and S&P BSE SmallCap index superior 0.55 per cent at 18,743.39.
All the BSE sectoral indices ended within the inexperienced, with IT, auto and PSU Bank including 2 per cent every.
Strong company earnings by tech heavyweights corresponding to TCS, Infosys, Wipro, HCL Technologies and HDFC Bank are fuelling the bullishness on Dalal Street, based on analysts.
Meanwhile, the rupee ended at day’s excessive at 73.02 per greenback on the again of sturdy infliows within the home fairness market. It had opened greater at 73.11 per greenback as towards the earlier shut of 73.17.
Tata Motors was prime gainer amongst Sensex shares; zooming over 6.2 per cent to Rs 274 on the again of heavy volumes. Other auto shares had been additionally within the limelight, with Maruti Suzuki and M&M gaining 2.eight per cent and a pair of.1 per cent respectively on the BSE. Besides, info know-how shares had been booming all the best way, with Wipro, Tech Mahindra, Infosys, TCS and HCL Technologies rising 1-Three per cent every.
On the flip aspect, Shree Cements, NTPC, GAIL, Grasim, Power Grid, ITC and HDFC Bank had been among the many losers.
On the IPO entrance, the preliminary public providing of Indigo Paints was subscribed 1.Three instances on the primary day of the bidding. The public subject acquired bids for 73.51 lakh fairness shares towards supply dimension of 55.18 lakh shares (excluding anchor ebook), the subscription knowledge out there on the exchanges confirmed.
The general market breadth was marginally constructive as 1,581 shares superior and 1,429 declined on the BSE.
