The bullish chip continued for the eighth consecutive day in the local stock market on Wednesday and the BSE Sensex gained 235 points. Buying in information technology, health and vehicle stocks is visible in the market. According to traders, the dollar’s cheer was reflected in the rupee and a good opening in the European market also boosted market sentiment.
The thirty-stock BSE Sensex closed at 60,392.77 with a record gain of 235.05 points, or 0.39. At one point of time during the trading, it had rolled down to 279.92 points. The National Stock Exchange closed at 17,812.40 points with a gain of 90.10 points, or 0.51 percent.
Infosys, Major Motors, Bank, Asian Paints, Tech Ishara, Given Consultancy, Sun Pharma and ICI Bank are major gainers on the Sensex.
On the other hand, PowerGrid, NTPC, Nestle India, UltraTech Mix, State Bank of India and ITC are among the losers.
Vinod Nair, Head of Research at Ten, Geojit Financial said, “Earlier took a cautious stance on the fourth quarter of the economic data and registered authorities. There is hope in the market from its area. The claim of the head of the authorized area is awaited.
TCS’s fourth quarter financial results are being released this evening. Apart from this, the account of industrial production for February and Mudra for March will be released after the bank is closed. All these affect the market.
In other Asian markets, South Korea’s Cospi, Japan’s Nikkei and China’s Shanghai Composite are in the green, while Hong Kong’s Hangseng is in the red.
Major traders in Europe were trading higher in afternoon trade. The US market closed down on Tuesday.
Meanwhile, global oil benchmark Brent crude rose 0.35 per cent to USD 85.91 per barrel.
According to stock market data, aliens received shares worth Rs 342.84 crore on Tuesday.