MARKET WRAP: Sensex rises for 5th day, ends 304 pts higher; Titan gains 4%

Extending their gaining streak into the fifth session in a row, the benchmark indices ended nearly a per cent higher on Wednesday, led by buying in Reliance Industries (RIL) and HDFC Bank. 

Among the headline indices, the S&P BSE Sensex ended 304 points, or 0.77 per cent higher at 39,879 levels and the Nifty50 index settled above the 11,700-mark at 11,739, up 76 points, or 0.66 per cent. India VIX rose over 2 per cent to 20 levels. 

RIL gained over 2 per cent to Rs 2,257 after the company said Abu Dhabi Investment Authority (ADIA) will invest Rs 5,512.50 crore into the company's subsidiary Reliance Retail Ventures (RRVL) for 1.2-per cent stake. READ MORE

Titan (up 4.5 per cent) ended as the biggest gainer on the Sensex after the company said its jewellery business did very well in the September quarter (Q2FY21), with a recovery rate of around 98 per cent (excluding sale of raw gold), compared to the revenue of the corresponding quarter in the last year. READ MORE

The trend among Nifty sectoral indices was mixed. Nifty Auto gained the most - up 1.4 per cent while Nifty Media was the biggest loser (down over 2.5 per cent).