Share Market Closing Bell! Share market end at record high level, Sensex breaches 58700, Nifty crosses 17500 – NTPC gained most up 7%

The Indian markets surging on the multiple triggers closed at a new record high levels Wednesday, as the BSE Sensex closed above 58700, while Nifty breached 17500 levels. Similarly, in the broader markets, both mid-cap and small-cap index also registered a fresh life high at close today.

The BSE Sensex jumped over 476 points or 0.82 per cent to 58,723.2, while Nifty50 surged near 140 points or 0.8 per cent to 17,519.45 levels. The mid-cap index followed the benchmarks which surged over 300 points or 1 per cent to touch new high for second day in row to 29871.65 levels.

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Aiding the market today, Nifty Bank also rallied with other sectoral peers, as the Index closed by over 0.65 per cent or 239.2 points higher to 36852.25 levels, led by IndusInd Bank. 

Out of 50 scrips on Nifty50, 35 advanced, 15 declined at the market close on Wednesday. State-owned NTPC shares spurted around 7.5 per cent at the close, followed by Bharti Airtel up near 4 per cent, as government announces some relief measures for the telecom sector on Wednesday. 

ONGC, Coal India are the other PSU heavyweights leading the surge in the markets, each ended near 4 per cent higher, while shares of Titan jumped over 3 per cent at the market close on Wendesday. Similarly, HCL Tech, Power Grid, SBI and IndusInd Bank each gained over 2 per cent at the close.

In otherwise positive market, Tata Consumers declined most by around 1 per cent, while stocks such as Nestle India, Grasim, BPCL, UltraTech Cement slipped marginally between 0.3-0.5 per cent today.

Almost all sectoral indices ended in the green except for Nifty Media down over 1.5 per cent, after surging for above 14 per cent during Tuesday’s trade. Nifty IT jumped most than other sectoral peers to end almost 2 per cent, followed by Nifty Metal, Auto and Pharma. Similarly, Nifty PSU Bank too surged most in the trade today by almost 3 per cent, led by Indian Bank and Canara Bank.