Mumbai Domestic stock markets were once again bullish on Wednesday, although selling pressure was seen in IT and pharma sectors. BSE Sensex opened at 82,248 points with a gain of 242 points and went up to 82,520 points, although its rise slowed down in the afternoon. Finally, the Sensex closed at 81,879.40 points with a gain of 772.75 points (0.95 percent) compared to the previous trading day. The graph of Nifty-50 index of National Stock Exchange (NSE) also remained similar. It closed at 25,255.05 points, up 210.40 points or 0.84 percent. This is the highest level of both the indices since February 26 this year. The macro market also remained bullish.
Auto and banking stocks supported the market
Nifty Midcap-50 index gained 0.93 percent and Smallcap-100 index gained 1.59 percent. Among the sector based indices, Auto was up by 2.14 per cent and Chemicals was up by 2.10 per cent. Shares of FMCG, Banking, Finance, Oil & Gas, Realty and Cement indices also rose between one to two per cent. There was a decline in IT, pharma, realty and health groups. Of the 3,767 companies whose shares were traded on NSE, shares of 2,493 rose and 1,166 declined. Shares of other 108 companies ultimately remained unchanged. Shares of 20 out of 30 Sensex companies remained in the green.
Mahindra & Mahindra's share is at the forefront
Shares of Mahindra & Mahindra gained the most by 5.25 percent. There was a rise of 4.30 percent in Indigo, 3.02 percent in Trent, 2.22 percent in Tata Steel, 2.15 percent in ITC, 2.14 percent in Axis Bank, 2.04 percent in Maruti Suzuki and 2.03 percent in Bharti Airtel. Shares of Power Grid gained 1.92 per cent, State Bank of India 1.80, Asian Paints 1.76, Kotak Mahindra Bank 1.67, HDFC Bank 1.58, UltraTech Cement 1.42, Hindustan Unilever 1.41, Bajaj Finserv 1.15, BEL 1.09 and Bajaj Finance 0.94 per cent.
Adani Ports and IT shares fall
Shares of Reliance Industries and L&T also remained in the rise. Adani Ports saw the highest decline of 1.66 percent. Tech Mahindra shares fell 1.29 per cent and both Tech Mahindra and HCL Technologies fell 0.95 per cent. Shares of ICICI Bank, Titan, NTPC, Eternal and Sun Pharma also remained in loss. Globally, in Asia, Japan's Nikkei gained 1.31 percent and China's Shanghai Composite gained 0.46 percent, while Hong Kong's Hang Seng slipped 0.98 percent. In early trade in European markets, Germany's DAX was up 0.71 percent and Britain's FTSE was up 0.40 percent.