M&M was the top gainer in the Sensex
pack, rallying around 6 per cent, followed by PowerGrid, Tata Steel, IndusInd
Bank, Reliance Industries, HCL Tech, ONGC and Infosys.
On
the other hand, Bajaj Auto, Asian Paints, Sun Pharma, HDFC and Nestle India
were among the laggards.
The BSE Sensex jumped 185 points on Wednesday, tracking gains
in Reliance Industries, M&M and Infosys amid a largely positive trend in
global markets and sustained foreign fund inflows.
After starting on a choppy note, the BSE benchmark ended
185.23 points or 0.48 per cent higher at 39,086.03.
The broader NSE Nifty climbed 64.75 points or 0.56 per cent to close at
11,535.
Mahindra and Mahindra (M&M) was the top gainer in the Sensex pack,
rallying around 6 per cent, followed by PowerGrid, Tata Steel, IndusInd Bank,
Reliance Industries, HCL Tech, ONGC and Infosys.
On the other hand, Bajaj Auto, Asian Paints, Sun Pharma, HDFC and Nestle
India were among the laggards.
According to traders, despite opening on a choppy note, domestic
equities turned positive tracking firm cues from most global markets.
Bourses in Tokyo and Seoul ended with gains, while Shanghai and Hong
Kong settled in the red.
Further, sustained foreign fund inflows helped retain the buying
momentum, traders said.
Foreign institutional investors bought equities worth a net Rs 486.09
crore on Tuesday, exchange data showed.
In the forex market, the rupee depreciated 16 paise to end at 73.03
against the US dollar.
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