On Wednesday, Indian share markets continued their positive run for the third consecutive session with both the Sensex and Nifty closing higher.
The 30-share Sensex touched an intra-day high of 75,568.38 before closing at 75,449.05, a gain of 147.79 points or 0.20% over Tuesday's close.
While that, the Nifty ended the day at 22,907.60, 73.30 points or 0.32% higher. During the trading day, the index traded between 22,940.70 and 22,807.95. Vikram Kasat of PL Capital said, "Market mood was positive, backed by divergent overseas signals and renewed hopes of a Russia-Ukraine ceasefire."
Kasat further pointed out that a number of major events at the global level are being targeted, including policy decision of US Federal Reserve, negotiations between Trump and Putin, and increase in gold prices. Of the Nifty's 50 stocks, 33 ended in the green. Amongst the major gainers were Shriram Finance, HDFC Life, Apollo Hospitals, Tata Steel, and Power Grid Corporation, which have gained as much as 3.91%.
Conversely, 17 stocks, such as Tech Mahindra, Britannia, TCS, Infosys, and Sun Pharma, declined, with losses of up to 2.32%. The broad market indices performed better than the benchmark indices, with the Nifty Midcap100 and Nifty Smallcap100 both jumping over 2%, indicating sharp gains in mid- and small-cap stocks.
Most sectoral indices on the NSE closed for the day in the positive, except for the Nifty FMCG and IT sectors, which closed lower. This followed a modestly positive start, though there was weakness in overseas markets.
The Sensex started the session up by 80.04 points, or 0.11%, to 75,381.30, and the Nifty up by 15.25 points, or 0.07%, to 22,849.55. Also, the Indian rupee gained 12 paise, finishing at 86.44 per dollar from 86.56 in the last session.
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