The Indian benchmark indices closed the day in the green for the fifth consecutive day—both the widely followed cues folded over 0.65% higher. The gains in the indices were led by major players such as HDFC, RIL, Infosys, and so on.
The S&P BSE Sensex closed the day at 38,878.95 points. It gained 304.38 points or 0.77% over the day. Sixteen of the thrifty stocks that constitute the index closed in the favourable territory while the remaining fourteen closed in the red. Titan Company emerged as the top gainer in the index. Its share price grew by 4.44% over the day,
It was followed by the auto stocks of Baja Auto and Maruti Suzuki, whose share price surged by 3.51% and 2.28% respectively. Reliance Industries Limited witnessed its share price jump by 2.13%, followed by UltraTech Cement, ONGC, HDFC Bank, and Nestle India whose share price moved ahead by 1.79%, 1.66%, 1.56%, and 1.49% respectively.
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Hindustan Unilever, Infosys, Axis Bank, TCS, HDFC Bank, TCS, ICICI Bank, M&M, and Asian Paints are the other stocks to close the day higher. Bajaj Finance turned out to be the most significant loser in the index as it witnessed its share price go down by 4.12%. PowerGrid followed it with its share price tanking by 2.24%.
The NSE Nifty 50 closed Wednesday 76.45 points or 0.66% higher. It folded at 11,738.85 points. Twenty-five of the fifty stocks that form the Nifty index closed in the positive terrain while the remaining twenty closed on a losing note. BPCL and Bajaj Finance emerged as the top losers in the index.
The auto stocks of Maruti Suzuki, Hero MotorCorp, and Bajaj Auto led the gains in the index. India VIX, the volatility gauge, moved ahead by 0.42 points or 2.16% to fold the day at 20.06 levels.
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Engineer by qualification, financial writer by choice. I am always open to learning new things.
