The S&P BSE Sensex surged over 250 points on Wednesday following positive trend seen in other Asian markets.
The Nifty50 managed to rally over 7,850 in trade supported by gains in realty, power, oil & gas, metal, consumer durable, and banking stocks.
The broader markets mirrored the gains seen on the benchmark indices with BSE midcap gaining 0.54 per cent while the BSE smallcap index rose 0.75 per cent.Among the sectoral indices, the BSE Metal was the top sectoral, up 1.67 per cent. The overall market breadth was positive with sevent out of every ten BSE stocks trading in the green.
Rising for the seventh consecutive session, the rupee appreciated 10 paise to 66.23 against the US dollar in early trade on Wednesday, after data showed a narrowing of current account deficit (CAD) to 1.6 per cent of the GDP in the September quarter, compared with 2.2 per cent in the year-ago quarter.The domestic currency had closed at 66.33 against the greenback in the previous session led by dollar selling by banks and exporters.
Most other Asian markets traded higher tracking similar cues seen in US markets overnight. Japan's Nikkei ended the day 0.16 per cent lower while the South Korean Kospi closed 0.33 per cent up. Hong Kong's Hang Seng index was up 1 per cent while mainland China's Shanghai Composite ended lower by 0.34 per cent.
Sensex 25,856, up 265 points, Nifty 7,866, up 79 points
Sensex 25,856, up 265 points, Nifty 7,866, up 79 points
GAIL (4.83%), BHEL (3.76%), SUN PHARMA (3.11%), TATA STEEL (2.88%), BHARTI AIRTEL (2.51%)
Top Losers:
Top Losers:
M&M (0.43%), ADANI PORTS & SEZ (0.17%)
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