Final Trade: Sensex climbs 567 points, Nifty ends at 23,155; HDFC Bank ends 2% higher
In a volatile trading session, Indian equities ended in the green as strength in the IT stocks capped the downslide.
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Indian equities in Wednesday's session after a positive opening in a volatile session ended in the green, while the broader markets also pared their intra-day losses partly. At the close, Nifty ended 0.57 per cent or 131 points higher at 23,155.35, while Sensex rallied 0.75 per cent or 566.63 points at 76,404.99.
Currently a host of factors are at play includng fear concerning Trump’s moves on protectionism, weakness in rupee, continued FPI selling and recent spike in crude oil prices which are leading to a drag in the headline indices.
Furthermore, FIIs who are wanting to invest in Indian equities are also sitting on the sideline ahead of the budget presentation.
From the Nifty pack, top gainers included stocks like Wipro, TCS, Infosys, Tech Mahindra and Sun Pharma, while laggards included stocks like Bharat Electronics, Tata Motors, Trent, Power Grid Corporation and Axis Bank.
Sectorally, IT stocks outperformed with the index gaining over 2 per cent, while Realty, PSU Bank and consumer durables ended in the red. Realty pack was the worst performer losing over 4 per cent in today' session.
HDFC Bank shares after posting better-than-expected Q3 earnings ended nearly 2 per cent higher at Rs 1,671.5 apiece on the BSE.
Shares of ICICI Prudential ended over 6 per cent after the company's Q3 results failed to meet Street's expectations.
European markets
European shares extended their gains in Wednesday's session after strong performance by Adidas pushed German DAX to record highs.
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