Surging for the third straight session, the Indian markets were trading on a higher note around 2 pm on Wednesday, lifted by banking, financial service, and auto stocks. Both the benchmark indices – Sensex and Nifty50 – each gained around 1 per cent intraday during Wednesday trading session. 

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

At around 01:25 pm, the BSE Sensex was up 697 points or 1.2 per cent and was trading 58,640 and Nifty50 jumped 173 points or 1 per cent to 17498 levels. The broader markets were also trading up as both mid and small cap soared around 1 per cent intraday today. 

See Zee Business Live TV Streaming Below:

As many as 36 stocks advanced and 13 declined on Nifty50 at around 01:30 pm. Bajaj twins – Bajaj Finserv and Bajaj Finance – each gained between 3-3.5 per cent, followed by Hero MotoCorp, Tata Consumer, HDFC Life gained between 2.5-3 per cent intraday. 

The 12-share Nifty Bank also gained over 1 per cent led by Axis Bank and ICICI Bank. 

On the contrary, Hindalco and ONGC were the biggest losers as both declined by over 4 per cent. While JSW Steel, Tata Steel, Tech Mahindra, Eicher Motor and ITC slipped between 1-3 per cent intraday today on NSE. 

Except metal index, all other sectoral indices witnessed buying interest. Nifty Bank, Auto, and Financial Service gained around 1.5 per cent, followed by FMCG and IT indices surged around 1 per cent. In the broader markets, Realty and Media lead the surge by around 2 per cent intraday.  

Indian equity benchmarks remained in the grip of bulls in the late morning session, with both the Sensex and the Nifty sustaining their gains amid positive global cues, Likhita Chepa, Senior Research Analyst, Capitalvia Global Research Ltd said in a mid-market quote.