Market closing: Sensex sustains over 36,000 mark, Nifty over 10,850 levels

Taking cue from strong global sentiments for fourth straight trading session, both Sensex and Nifty had a strong rally on Wednesday as both indices closed on higher note for fourth straight trading session. The BSE Sensex closed at 36,212,.91, 231.98 points higher while Nifty close at 10,855.15, 53 higher from the Tuesday closing. Banking stocks too continued its rally at the major Indian indices as the Nifty Bank index close 210.9 points higher — a gain of around 0.77 percent. DB Corp, GMR Infra, Nocil and Jagran stocks were among the top gaining stocks while Tata Steel, laksh Vilas, DBL and Can Fin Home were among the top losing stocks.

Commenting upon the expected market trend that may follow in coming trading sessions, Simi Bhoumik, Technical Equity Analyst who (officially registered with the SEBI) told Zee Business online, "Stocks from banking, NBFC and housing finance looks strong." She said that Nifty is still strong and may soon touch the 10,900 levels once it sustains above the 10,850 levels.

The DB Corp strip went up by near 6.7 percent, an increase of around Rs 11 from its Tuesday close; Shibha strip added over Rs 27 to its Tuesday close making a gain of around 6 percent; GMR Infra too shot up by around 5.3 percent while SBI Life went northward by around 4.9 percent.

Among major losers Tata Steel slipped by around Rs 6.6 making a loss of around 10 percent from its previous close; laksh Vilas stock slipped by over Rs 6 making loss of more than 7 percent from its previous close. 

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Asian stocks too went on to gain further from their previous closing. Japan's Nikkei went up by more than 200 points, Shanghai index went northward by around 0.7 percent, Kospi logged near 1.95 percent while Hang Seng closed after gaining over 2.25 percent.

Earlier on Tuesday, the US index Nasdaq had closed more than 73 points higher making a gain of around 1.08 percent that signalled the Asian traders to go bullish on Wednesday's intraday trade.