You are here: Home » Markets » News

Sensex gains for 2nd day, ends 437 pts up at 46,444; HUL, Infy top gainers

India VIX cooled off over 6 per cent to end at 20.5 levels

MARKET WRAP | Markets | Coronavirus

SI Reporter  | New Delhi 


Bulls had a field-day on D-Street on Wednesday as the benchmark indices ended the day near day's high as investors picked up information technology, realty, and financial stocks. Heavy-weights Infosys, Hindustan Unilever, TCS, ITC, and Bajaj Finance were the top Sensex contributors today.

The benchmark S&P Sensex ended the day 437 points, or 0.95 per cent, higher at 46,444 levels, surging 545 points from the day's low. The broader Nifty50 reclaimed 13,600-mark and settled 135 points, or 1 per cent, higher at 13,601 levels.

India VIX, the volatility index, cooled off over 6 per cent to end at 20.5 levels

IT stocks outperformed the for second consecutive day as stock-specific flow supported the sentiment. At the index level, Nifty IT and the S&P IT indices hit their respective fresh record highs. Among individual stocks, Tata Consultancy Services (TCS), Infosys, HCL Technologies, Tech Mahindra, Larsen & Toubro (L&T) Infotech and MphasiS from the Nifty IT index scaled their respective fresh record peak.

That apart, Nifty Realty index (up 4 per cent) and Nifty PSU Bank index (up 2 per cent) were other sectoral gainers.

In the broader market, S&P MidCap and SmallCap indices outrun the frontline indices today, settling 2.44 per cent and 2.65 per cent higher, respectively.

Global markets

European shares rose on Wednesday as a report that a Brexit trade deal could be struck later in the day cheered investors amid concerns over the passage of a much-awaited US pandemic aid bill.

The pan-European STOXX 600 index traded 0.4% higher after political editor Robert Peston at Britain’s ITV said a Brexit trade deal between the United Kingdom and the European Union is possible on Wednesday after progress in talks on fishing rights.

However, London’s FTSE 100 lagged as the pound gained on the and weighed on shares of internationally focused firms on the index.

In Asia, Japan's Nikkei ended 0.33 per cent higher while South Korea's Kospi added nearly 1 per cent. Hong Kong's Hang Seng closed 0.8 per cent higher.

(With inputs from Reuters)


Auto Refresh