Stock Market Today: Nifty Snaps Three-Day Decline As Infosys, Bajaj Finance Lead
However, the gains were limited as shares of RIL and banks weighed on them. Intraday, both the Nifty and Sensex had risen 0.3%.
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KEY HIGHLIGHTS
US Futures Mixed Ahead Of CPI
At 3:39 p.m., futures contract of Dow Jones fell 0.2%, that of S&P 500 was flat while Nasdaq 100 futures contract rose 0.2%.
Economic Data To Be Released Later Wednesday
US: Core CPI
US: CPI
US: Crude Oil Inventories
US: 10-year Bond Auction
Nifty, Sensex See Another Muted Session As Traders Await Economic Data: Closing Bell
The Nifty 50 snapped its three-day fall and Sensex rose for a second consecutive session as traders await inflation data from the US due later in the day and from India due tomorrow.
However, the gains were limited as shares of RIL and banks weighed on them. Intraday, both the Nifty and Sensex had risen 0.3%. The Nifty ended 0.13% or 31.75 points up at 24641.8 and Sensex closed 0.02% or 16.09 points higher at 81526.14.
According to Aditya Gaggar, director of Progressive Shares, "The Index is oscillating in a tight range of 24,550-24,690, and a breakout on either side would provide a directional move to the market."
Share prices of Infosys Ltd., Bajaj Finance Ltd., Trent Ltd., Bharti Airtel Ltd., and UltraTech Cement Ltd. contributed the most to the gains. While those of Reliance Industries, HDFC Bank Ltd., State Bank Of India, ICICI Bank Ltd., and Axis Bank Ltd. capped the upside.
Most sectoral indices rose with Nifty FMCG rising the most.
Market breadth was skewed in the favour of buyers. As many as 2,144 stocks rose, 1,839 fell, and 113 remained unchanged on the BSE.
Broader indices outperformed. BSE Midcap ended 0.3% higher and BSE Smallcap rose 0.4%.
Only four sectoral indices on the BSE ended lower of the 21 and 17 rose. BSE Consumer Durables rose the most.
Markets At Close
Nifty and Sensex see another muted session
Intraday, both Nifty and Sensex had risen 0.3% each
Nifty ends 0.13% or 31.75 points up at 24641.80
Sensex ends 0.02% or 16.09 points higher at 81526.14
Broader indices outperformed. Nifty Midcap 100 ended 0.3% up; Nifty Smallcap 250 closed 0.3% higher
Most sectoral indices rose with Nifty FMCG rising the most
Trent and Bajaj Finance were top Nifty gainers
JSW Steel and Adani Ports fell the most
Rupee Ends Flat Against US Dollar
Rupee closed flat at 84.84 against the US dollar.
It closed at 84.85 on Tuesday.
Source: Bloomberg
