Stock market live updates: The key benchmark indices held firm gains in early deals on Wednesday. The BSE Sensex rose 400 points to 54,740, and the NSE Nifty50 rose 130 points to 16,400.
Bharti Airtel, Infosys, Tech M, Wipro, Tech M, Dr Reddy’s, Sun Pharma and Bajaj Finance were the top winners on the Sensex, rising up to 2 per cent. Eicher Motors, Cipla and SBI Life were the additonal Nifty winners.
On the flip side, PowerGrid, NTPC, Tata Steel, Coal India, ONGC, Hindalco, JSW Steel and Nestle were the top laggards on the benchmarks.
The broader markets, meanwhile, opened in green. The BSE MidCap and SmallCap indices rose up to 0.9 per cent.
Sectorally, Metals, and Energy pack were subdued on the NSE, while IT, Pharma, and Financials strongly led gains, up to 1 per cent higher.
Among stocks, Indian Oil Corp fell over 2.5 per cent on reporting a 31.4 per cent drop in its Q4 net profit at Rs 6,021.88 crore due to a margin squeeze in petrochemicals and drop in auto fuel sales.
Jet Airways rose 2 per cent. The airline operator has successfully operated all proving flights and is now eyeing the grant of air operator certificate (AOC) by aviation regulator DGCA, its owner Jalan-Kalrock Consortium has said.
Stay connected with us on social media platform for instant update click here to join our Twitter, & Facebook
We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.
For all the latest Business News Click Here
For the latest news and updates, follow us on Google News.
Denial of responsibility! NewsAzi is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
