Sensex rebounds 428.62 pts
Mumbai/UNI: Snapping a losing streak of last four sessions, the BSE Sensex on Wednesday posted a massive gain of 428.62 points to finish at 41,323 as buying was seen across the board amid positive global cues.
Investors sentiment boosted after the finance minister said the government would announce measures to tackle the financial fallout from the coronavirus outbreak amid a fall in new cases in China.
The National Stock Exchange (NSE) too rose by 137.80 points to 12,130.30.
The Nifty registered days high and low at 12,134.70 and 12,042.10 points respectively.
The day opened on a strong note at 41,121.51 up by 227 pts. During the day it spurted by 463 points to 41,357.16 day high before closing at 41,323.00, advancing by 428.62 points from its last close.
The sectoral indices like Materials, Energy, FMCG, Health Care, Oil and Gas, Power and Realty pushed the market up. In scrips, Bajaj Fiance, Hind Unilever, Reliance Industries, ONGC and HDFC gave phillip to the market however, continuous selling in Sun Pharma, TCS, Bharti Airtel and L & T capped from further gain, broker informed.
The broader market outperformed the benchmark indices. The S&P BSE Mid-Cap index was up 1.34 pc while the S&P BSE Small-Cap index surged 1.41 pc.
The market breadth was strong. On the BSE, 1525 shares rose and 1002 shares fell. A total of 180 shares were unchanged. In Nifty 50 index, 38 stocks advanced while 12 stocks declined.
European shares extended gains while Asian markets ended higher on Wednesday as investors tried to shake off concerns over the coronavirus epidemic following a slight decline in the number of new cases.
Image credit : UNI
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