Equity benchmark indices ended Wednesday’s range-bound session with slim gains as selling pressure in information technology (IT) stocks intesified in the fag-end.
The S&P BSE Sensex, which gained over 300 points intraday to reclaim the 74,000 mark, closed at 73,853, up 114.5 points or 0.16 per cent. The Nifty50 shut shop at 22,402, up 34 points or 0.15 per cent.
Tech M, Tata Consultancy Services, Infosys, HCL Tech, and Wipro were among the top 10 losers on the 30-stock index as they fell 0.4 per cent to 1.3 per cent. Other laggards included heavyweights like Reliance Industries, Titan Company, Maruti Suzuki, and Bharti Airtel.
In the broader markets, the BSE MidCap and SmallCap indices outperformed the benchmarks by settling 0.92 per cent and 0.79 per cent higher, respectively. The smallcap index even hit a fresh record high during the day.
Apart from the Nifty IT index, the Nifty PSU Bank, and Auto indices also edged lower, falling up to 0.23 per cent. On the flipside, the Nifty Metal index soared nearly 2.7 per cent.
Global Cues
Elsewhere in Asia, Nikkei, and Kospi were trading nearly 2 per cent higher each, while Hang Seng was up 0.9 per cent.
Overnight, the Dow Jones Industrial Average climbed 0.69 per cent, the S&P 500 gained 1.2 per cent, and the Nasdaq Composite saw the largest gain of 1.59 per cent.
Comments
0 comment