Recovery continues as ME fiasco fears fading
Buying in energy, FMCG, metal, pharma and pvt bank stocks lifted key indices upwards; Most IT shares declined ahead of Sept qtr results
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Nifty Ends Above 19,800pts
♦ 24 of Sensex-30 ending in the green
♦ Nifty advanced 121.50 pts or 0.62% to 19,811.35
♦ 37 of Nifty-50 gained
♦ FIIs offloaded shares worth Rs1,005.49 cr
Mumbai: Benchmark Sensex rose by 393 points while Nifty closed above the 19,800 level on Wednesday on buying in energy, FMCG and capital goods shares amid mixed global cues and easing inflation concerns.
Rising for the second straight session, the 30-share Sensex spurted by 393.69 points or 0.6 per cent to close at 66,473.05, with 24 of its constituents ending in the green. Six stocks declined. The broader Nifty of the NSE advanced 121.50 points or 0.62 per cent to settle at 19,811.35, as 37 index shares gained while 12 declined and one closed unchanged.
Buying was seen in FMCG, energy, metal, pharma and private bank shares, while most IT shares declined ahead of the announcement of quarterly financial results. Among Sensex stocks, Wipro gained the most by 3.29 per cent. Ultratech Cement, Reliance Industries, Hindustan Unilever, Nestle, NTPC, M&M, HDFC Bank, ITC, Kotak Bank and Axis Bank were among the winners.
