Sensex up more than 400 points, Nifty trades above 17,350; Tech Mahindra, Hindalco, HCL Tech Top Gainers
On BSE, the market breadth was quite positive with 1,755 shares gaining while 620 shares declined.
New Delhi: Indian stock benchmarks on Wednesday started trading in the green led by buying across all sectors amid positive signals globally. As of 9:19 a.m., the BSE Sensex benchmark was up 406 points or 0.70% to 58,215, while the broader NSE Nifty was up 113 points or 0.66% higher to 17,380.
Asian shares rallied, with technology shares in particular rising after a strong session on Wall Street. MSCI’s broadest index of Asia-Pacific shares outside of Japan jumped 1% to a two-week high, helping Hong Kong-listed technology shares gain 3%. Japan’s Nikkei rose 0.9 percent.
Back home, mid-cap and small-cap stocks are in positive territory as the Nifty Midcap 100 index gained 0.76% and small-cap stocks traded 0.89% higher.
In terms of stocks specifically, Tech Mahindra is the top Nifty bully as the stock is up 2.25% to Rs 1,466.50. Hindalco, HCL Tech, Cipla and Indian Oil Corp were also among the gainers.
In contrast, Bharti Airtel and NTPC were the gainers.
On BSE, the market breadth was quite positive with 1,755 shares gaining while 620 shares declined.
On the shared BSE 30 platform, TechM, HCL Tech, Wipro, Infosys, Bajaj Finserv and Titan attracted the most returns with their shares up as much as 2.13%.
“Technically, 17,045 and 17,350 are immediate support and resistance at Nifty 50. For Bank Nifty, 37,300 and 38,500 are support and resistance, respectively,” said Mohit Nigam, Head of PMS, Hem Securities. resist immediately.”
Sensex gained 187 points, or 0.33%, to reach 57,809 on Tuesday, while Nifty gained 53 points, or 0.31%, to close at 17,267.
