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Market Roundup: Sensex, Nifty rise for third straight day; metallic, IT, teck stocks rise – Business News , Firstpost


On the Sensex chart, Bajaj Finance was the highest gainer with 2.34 % rise, adopted by Sun Pharma, Tech Mahindra, Axis Bank, Bajaj Auto and Infosys whereas ONGC, Kotak Bank, ITC, HDFC Bank, PowerGrid, Reliance Industries and Maruti have been the laggards

Representational picture. News18

Mumbai: Domestic fairness benchmarks Sensex and Nifty rose for the third session in a row on Wednesday, monitoring a rebound in broader Asian markets as easing in bond yields calmed investor jitters globally.

At the closing bell, the BSE gauge Sensex quoted 254.03 factors or 0.50 % increased at 51,279.51 taking its three-session beneficial properties to 874.19 factors or 1.73 %. While the NSE barometer Nifty closed increased by 76.40 factors or 0.51 per cent at 15,174.80 aggregating its three-day beneficial properties to 276.70 factors or 1.85 per cent.

On the Sensex chart, Bajaj Finance was the highest gainer with 2.34 % rise, adopted by Sun Pharma, Tech Mahindra, Axis Bank, Bajaj Auto and Infosys. On the opposite hand, ONGC, Kotak Bank, ITC, HDFC Bank, PowerGrid, Reliance Industries and Maruti have been the laggards.

Of the Sensex shares, 23 ended within the inexperienced. Sectorally, BSE metallic, IT, teck (media & publishing, info expertise & telecommunications sectors), healthcare, fundamental supplies and client durables indices rose as much as 1.82 %. Auto index too rose 0.82 % buoyed by encouraging gross sales information.

Passenger automobile gross sales in India elevated 17.92 % to 2,81,380 models in February as in contrast with the identical month final 12 months, auto trade physique SIAM stated on Wednesday. Among the foremost sectoral laggards have been oil and fuel, utilities, vitality and energy.

Broader smallcap, midcap and largecap indices outperformed the benchmark by rising as much as 0.95 %.

Vinod Nair, head of analysis at Geojit Financial Services, stated, “Domestic markets mirrored positive cues from its global peers, tracking gains from the US market as bond yields pulled back easing concerns about rising inflation”.

Elsewhere in Asia, bourses in Shanghai and Seoul ended with losses, whereas Hong Kong and Tokyo settled on a constructive word. Stock exchanges in Europe have been largely buying and selling with beneficial properties in mid-session offers.

Meanwhile, the worldwide oil benchmark Brent crude was buying and selling 0.59 % decrease at $67.12 per barrel.

On the foreign exchange market entrance, the rupee edged marginally increased by 2 paise to settle the day at 72.91 in opposition to the US greenback. Domestic inventory, foreign exchange, debt and commodity derivatives markets will stay closed on Thursday on account of Mahashivratri.

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