Share Market Closing Bell! Sensex, Nifty end on a positive note
The BSE Sensex gained over 134 points or 0.25 per cent higher to 52,904.05, while Nifty grew by over 41 points or 0.26 per cent to 15854 at the close today.
The Indian markets on Wednesday recover from opening lows to end on a positive note, mostly led by information and technology stocks. The BSE Sensex gained over 134 points or 0.25 per cent higher to 52,904.05, while Nifty grew by over 41 points or 0.26 per cent to 15854 at the close today.
In broader markets, the mid-cap index continued to post record close and gained by over 62 points or 0.23 per cent to 27623.30. On the other hand, Nifty Bank closed flat but negative by 5 points or 0.01 per cent to 35668.3 levels today at the market close.
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Out of 50 scrips on the Nifty50, 22 advanced, and 28 declined at the close. IT stocks move higher today after better-than-expected Q1 results from Mindtree and high expectations from Infosys.
Four out of the top five Index gainers are IT stocks such as Wipro up over 7 per cent, Tech Mahindra over 2.5 per cent, HCL Tech, and Infosys each over 2 per cent at the close today, similarly, L&T at fifth position grew over 2 per cent at the market close on Wednesday. Even in the mid-cap category, IT counters continued their shine as scrips such as Mphasis, Mindtree, L&T Infotech, Coforge surge most in the list.
On the contrary, UPL and Maruti Suzuki dragged the market most by around 1.5 per cent, followed by Adani Ports and Nestle India each fell to near 1 per cent, besides, Reliance Industries along with HDFC and HUL contributed to the market drag at the close today.
Sector-wise, the majority of sectors end negative today, while Nifty IT surging most by over 3 per cent aided the benchmark indices to end a quarter per cent positive. Nifty Pharma, Media and Metal are also the sectors, which ended in the green at the market close on Wednesday.
Meanwhile in the primary market, the Rs 9,375-crore initial public offer of Zomato was oversubscribed by over 57 per cent till 3:30 pm on the first day of the issue. The retail portion subscribed 2.4 times while QIBs and NIIs portions were at 20 per cent and 9 per cent.
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