At close, the Sensex climbed 117.54 points, or 0.16 per cent, to close at 75,318.39, rising as much as 788.98 points from day’s low of 74,529.41. (Image: AI generated)
At close, the Sensex climbed 117.54 points, or 0.16 per cent, to close at 75,318.39, rising as much as 788.98 points from day’s low of 74,529.41. (Image: AI generated)Domestic equity benchmarks BSE Sensex and NSE Nifty erased early losses to settle higher on Wednesday, led by gains in heavyweight stocks such as Reliance Industries, Bajaj Finserv and Trent. However, elevated crude oil prices, the rupee hovering above the Rs 96-per-dollar mark, and persistent geopolitical tensions kept overall market sentiment cautious and limited broader upside.
At close, the Sensex climbed 117.54 points, or 0.16 per cent, to close at 75,318.39, rising as much as 788.98 points from day’s low of 74,529.41, while the Nifty gained 41 points, or 0.17 per cent, to settle at 23,659.
Top gainers & losers
Among Sensex constituents, Reliance Industries (RIL) emerged as the top gainer, climbing 2.83% to Rs 1359.75. Bajaj Finserv followed with a 1.33% jump, while Trent, InterGlobe Aviation (IndiGo), Axis Bank, and Mahindra & Mahindra (M&M) advanced 1.02%, 0.99%, 0.98% and 0.94%, respectively.
While stocks such as Bharat Electronics (BEL), Tech Mahindra and Eternal were among the losers on the 30-pack index, they declined up to 2.27%.
"Markets recovered from intraday lows, supported by selective buying in large cap stocks across autos, financials, and oil & gas. Autos and financials gained on relatively better Q4 earnings, while recent fuel price hikes supported sentiment for OMCs and refiners,” said Vinod Nair, Head of Research, Geojit Investments Ltd.
“However, persistent rupee weakness and elevated crude prices continue to weigh on sentiment due to concerns around inflation and margin pressures, while FII flows remain mixed,” Nair added.
The Business Today Show at India Today | Every trading day at 3 pm | Complete stock market closing action
Catch all the latest updates coming in from the stock markets on The Business Today Show. This is where you will get all the market closing action on the Dalal Street, and what's hot in the corporate and financial world. Every trading day at 3 pm - The Business Today Show at India Today.
Watch here:
TCS, Infosys, IT stocks: History suggests risk-reward turning favorable
Historic low! Rupee at 100 against dollar soon? What's behind INR's free fall against USD?
When Meloni, Modi met ‘Melody’ - A chocolaty toffee moment goes viral
Why your Swiggy-Zomato order may get costlier now, here’s the math
India’s Gen Z, millennials are more AI-ready than global peers, shows survey
The AI War: How Gemini App Doubled Its User Base In One Year To Hit 900M Monthly Users
Top Midcap, Large Cap & Hot Stock Strategies With Kotak Mahindra AMC’s Harsha Upadhyaya
What's Hot | India Inc’s ₹25,000 Cr Buyback Blitz! Oil, Gold & Top Stocks In Focus
Language War Explodes Again In Tamil Nadu | Vijay Sarkar Rigidly Rejects Centre’s 3-Language Formula
CM Vijay's First Graft Test! ED Demands Sanction To Prosecute Ex-Minister Senthil Balaji
BT Closing Bell | Sensex settles 789 pts higher from day’s low, Nifty above 23,650; RIL jumps 3%
Stock market today: Why Sensex, Nifty recovered from day's lows; what investors should do
HDFC Bank shares stuck in bear grip, price targets indicate recovery?
Vodafone Idea to cement top spot in equity share count; nearly 4x YES Bank after fundraiseTCS, Infosys, IT stocks: History suggests risk-reward turning favorable