Indian equity markets ended higher in Wednesday’s session on a higher note, near day’s high, as the geopolitical tension between Iran and Israel eased.
The Nifty 50 closed the session 200 points or 0.80% higher at 25,244, the Sensex rose 700 points or 0.85% to end at 82,755.
In line with the overall bullish market sentiments, the Nifty Bank advanced 159 points or 0.28% to end at 56,621.
The BSE Midcap pulled back almost 288 points or 0.63% to 46,106.45. On the other hand, the BSE Smallcap remained steady, surging 844 points or 1.59% to 53,897.
“Indian equity markets have staged a recovery, supported by easing geopolitical tensions in the Middle East and a moderation in crude oil prices. While FIIs continue to withdraw capital, positive global cues are helping sustain domestic market momentum. Large-cap stocks, especially in IT and auto, are outperforming, aided by a strong dollar and improved risk appetite. Domestically, a favourable monsoon forecast and moderating inflation are further underpinning the optimism,” said Vinod Nair, Head of Research at Geojit Investments.
5 big highlights from today’s market action-
Indices in intraday trade
The indices closed Wednesday’s session on a positive note. During the session, out of 2,990 trading stocks, 2,135 advanced, while 776 declined, and 79 remained unchanged. Today, 51 stocks hit a fresh 52-week high. Meanwhile, 23 stocks touched a new 52-week low.
Top gainers
Titan was the top gainer in the Nifty 50 in Wednesday’s session, closing 3.66% higher. It was followed by M&M, Grasim Industries, Infosys, and JSW Steel.
Top losers
Meanwhile, the shares of Bharat Electronics were the biggest losers in today’s trade. It was followed by Kotak Mahindra Bank, Eicher Motors, ONGC, Axis Bank, and many others.
Best and worst performing business groups
The Indiabulls Group’s market capitalisation has risen the most in Wednesday’s trade, gaining 9.5%. In the list of Indiabulls Group stocks, Samman Capital gained up to 14.65%. Further, Kirloskars Group followed the list, whose market cap increased by almost 6.5% and Anil Ambani Group’s market cap increased by 4.8%, and others. However, the Jaipuria Group’s market cap declined the most, falling almost 2.7%.
Top sectors in Wednesday’s trade
The gems and jewellery sector’s stocks surged the most in terms of market capitalisation by 3.5% in Wednesday’s trade,
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