The benchmark Sensex ended the session at 60,617 - a gain of 221 points, or 0.4 per cent
The broader markets were quiet today with the BSE MidCap and SmallCap indices ending little changed
Nifty rises 1% to close above 18,000 for first time since November 15
In the broader markets, the BSE MidCap index added 0.7 per cent while the BSE SmallCap index gained 1.2 per cent.
The markets began the first week of the new year on a solid note, hoping that rising cases may not lead to further lockdowns
Sectorally, the Nifty Auto and Pharma indices were the only losers, down up to 0.4 per cent
Brokerage ICICI Securities has maintained a BUY rating on Gokaldas Exports with a revised target price of Rs 425.
Market participants are already concerned about the rapid global spread of the highly infectious Omicron Covid variant
In the past two trading days, the stock of the refineries/petro products company has surged 25 per cent, after investor Ramesh Damani bought over 1 per cent stake in the company.
The Sensex gained 367 points, or 0.6 per cent, to close at 60,223, while the Nifty rose 120 points to end the session at 17,925 cent.
Bajaj Finserv was the biggest gainer in the 30 frontline companies pack on Wednesday, jumping 5.09%, followed by Bajaj Finance, Kotak Bank, Axis Bank, Tata Steel, HDFC Bank and Asian Paints
Large part of today's rally was propelled by financial and banking counters, with 7 of the top 10 index contributors belonging to the space.
The report said the funds raised through ECM deals fell because deals were of smaller values
The Sensex ended Tuesday's session at 59,856, following a gain of 673 points or 1.1 per cent
On Tuesday, NTPC was the lead gainer in the 30-stock Sensex pack
The broader markets underperformed the benchmarks by a wide margin. The BSE MidCap and SmallCap indices ended with meagre gains of 0.05 per cent and 0.4 per cent, respectively.
The macroeconomic data helped investors overlook the impact of the rising Covid cases and new restrictions imposed by many states
The gains came even as India's manufacturing activity lost some momentum in December, with the Manufacturing PMI easing to a three-month low of 55.5
But returns from equities may moderate, warn experts
Beating pandemic-blues, the Indian equity market posted stunning gains this year