The benchmark equity indices ended Wednesday’s trading session in the positive territory. The NSE Nifty 50 gained 231.90 points or 1.19% to settle at 19,675.45, while the BSE Sensex jumped 742.06 points or 1.14% to 65,675.93. Bank Nifty index gained 310.45 points or 0.71% to settle at 44,201.70.
The broader indices ended largely in positive territory, with gain led by Midcap and Smallcap stocks. Realty and IT stocks gained the most among the other sectoral indices Oil&Gas, Auto and Financial services stocks gained more than 1%.
Nair also said that, This is likely to draw FII flows into emerging markets, which is good for India considering the current better earnings season and the festive demand pick-up. The drop in the CPI for India also improved the mood. The rebound was broad based with IT, realty, oil & gas, metal, and auto leading the way.
Eicher Motors, Tech Mahindra, Hindalco Industries, Infosys and Tata Motors were the top gainers on the NSE Nifty 50, while the laggers included Bajaj Finance, Power Grid Corporation, IndusInd Bank, Dr Reddy Labs and Cipla.
The Indian Volatility Index (India VIX) closed down by 0.46 %.
