Share/Stock Highlights: The benchmark indices on the BSE and National Stock Exchange (NSE) extended their positive momentum and ended over 0.6 per cent higher on Wednesday aided by gains in banking and financial stocks.
The S&P BSE Sensex gained 367.22 points (0.61 per cent) to reclaim the 60,000 mark and end at 60,223.15 while the Nifty 50 rose 120.00 points (0.67 per cent) to settle above the 17,900 mark at 17,925.25. Earlier in the day both the indices had begun on a choppy note moving in a narrow range in the opening deals.
On the Sensex pack, the gains on Wednesday were led by Bajaj twins comprisisng of Bajaj Finserv and Bajaj Finance, along with Kotak Mahindra Bank, Tata Steel, Axis Bank and HDFC Bank. On the other hand, among the top laggards were the information technology (IT) stocks – Tech Mahindra, Infosys, HCL Technologies and Wipro, along with PowerGrid Corporation of India, Dr. Reddy’s Laboratories.
Among sectoral indices, the Bank Nifty surged 2.32 per cent on Wednesday led by AU Small Finance Bank and Bandhan Bank. The Nifty Financial Services index too gained 2.02 per cent aided by the Bajaj twins and Cholamandalam Investment and Finance Company. However, the Nifty IT index cracked 1.93 per cent weighed by Larsen & Toubro Infotech and Coforge.
(with inputs from agencies)