Nifty ends above 17800, Sensex up 235 pts | Pharma, IT, Auto Shine
Closing Bell- Sensex and Nifty: Indian stock market indexes ended higher for the eighth consecutive session. The domestic markets extended their early gains as the session progressed ahead of CPI inflation and IIP data and closed near the day high.
The Nifty 50 index closed higher by 90.10 points or 0.51 percent and closed at 17812.40 levels while the Sensex was up by 235.05 points or 0.39 percent and finished at 60392.77 levels. The Bank Nifty index ended higher by 191.45 points or 0.46 percent on the spot level and closed at 41557.95 levels
The broader markets outperformed the benchmarks today, as the Nifty midcap index was up by 200.55 points or 0.65 percent and closed at 30824.05 levels. The Nifty smallcap index closed higher by 49.20 points or 0.53 percent at 9310.75 levels.
Nifty 50 top gainers & losers
The top gainers in the Nifty 50 index were Divis Lab, Bajaj-Auto, Dr. Reddy, Adani Enterprise, and Eicher Motors and the top losers were Power Grid, NTPC, Nestle India, ONGC, and Ultratech Cement
The top gainers in the Nifty midcap index were Laurus Lab, Max Health, and Biocon and the top losers were Prestige, PFC, and Bank of India
The smallcap top gainers were FACT, Medplus, and Balaji Amines while the top losers were JSL, Broghtcom Group, and Aegis Chemical
The most active stocks in the Nifty index in terms of value were HDFC Bank, ICICI Bank, and Reliance. The most active stocks in terms of volume were ICICI Bank, Tata Steel, and SBI
On the sectoral front, Nifty Pharma, IT, Auto, and Financial Services closed higher. The sectors that closed in the red were PSU Bank, Media, FMCG, and Energy.
Global stock markets
On the global front, the other Asian stock market indexes closed mixed on Wednesday ahead of the US inflation data and FOMC minutes, due later in the day, to gauge Fed’s rate hike path. Traders further digested Japan’s producer price index and machinery orders report.
However, investors remain cautious, as the International Monetary Fund (IMF), said that the global economy could be heading for the weakest growth since 1990, downgrading its outlooks for the coming years.
European stock markets are trading higher ahead of key data from the US. The US future indexes, Dow and Nasdaq futures are trading slightly higher at this moment.
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