Final Trade: Sensex jumps 224 points; Nifty ends at 23,213 as markets extend rally
Sensex gained 224 points to close at 76,724, while Nifty rose 37.15 points to 23,213.20, supported by gains in banking, IT, and energy stocks.
The Indian stock market extended its gains for the second consecutive session on Wednesday, buoyed by strong performances in banking, IT, and energy stocks. However, lingering concerns over slowing corporate earnings capped the upside for blue-chip indices.
At the close, the BSE Sensex rose by 270.04 points, or 0.35 per cent, to settle at 76,836.94, while the NSE Nifty50 added 37.15 points, or 0.16 per cent, to finish at 23,213.20.
Top gainers and losers
Among Sensex stocks, Maruti Suzuki, Zomato, NTPC, IndusInd Bank, Kotak Bank, and HCL Tech gained between one and 2.5 per cent. Conversely, M&M, Nestle India, Bajaj Finance, Axis Bank, and Bajaj Finserv faced selling pressure, ending in the red.
Sectorally, Nifty Bank, IT, Auto, Metal, and Oil & Gas indices ended higher, while FMCG, Pharma, Healthcare, and Realty sectors saw declines.
Key movers
HDFC AMC shares climbed nearly 4 per cent after the company reported a 31 per cent year-on-year (YoY) jump in its consolidated net profit to Rs 641 crore for the December quarter.
Adani Green Energy surged 5.7 per cent to an intraday high of Rs 1,065 after its subsidiary, Adani Renewable Energy Forty-Eight Limited, commissioned a 57.2 MW wind-solar hybrid project in Gujarat.
Indian Railway Finance Corporation (IRFC) shares rose by 3.6 per cent to Rs 140.65 on securing the lowest bidder status to finance Rs 3,167 crore for the development of the Banhardih coal block in Jharkhand.
Shoppers Stop gained 10.8 per cent to Rs 688 after posting a 41 per cent YoY increase in Q3 net profit, reaching Rs 52 crore, backed by festive season demand for premium products.
Global market snapshot
Global markets remained largely steady as investors awaited U.S. consumer price data. The data could influence expectations for Federal Reserve policy decisions.
In Asia, U.S. equity futures posted modest gains, with S&P 500 futures up 0.1 percent and Nasdaq 100 futures rising 0.2 percent. Japan's Nikkei gained 0.1 percent, while China’s blue-chip stocks dropped 0.4 percent. Hong Kong's Hang Seng index rose by 0.14 percent.
Despite mixed global cues, the domestic market maintained its momentum, driven by select sectoral and stock-specific actions.
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