Sensex rises 393 pts, Nifty closes above 19,800 on gains in energy FMCG shares
The Hindu
Sensex & Nifty rose on Wed, driven by buying in energy, FMCG & capital goods shares. Wipro gained most, while HCL Tech fell. Market breadth was strong, with 2,353 stocks closing with gains. US Fed's dovish comments & easing inflation concerns supported the rally. FIIs offloaded shares worth ₹1,005.49 cr. Global markets mixed, with Hang Seng, Kospi & Nikkei up, Shanghai Composite down.
Benchmark Sensex rose by 393 points while Nifty closed above the 19,800 level on Wednesday on buying in energy, FMCG and capital goods shares amid mixed global cues and easing inflation concerns.
Rising for the second straight session, the 30-share Sensex spurted by 393.69 points or 0.6 per cent to close at 66,473.05, with 24 of its constituents ending in the green. Six stocks declined.
The broader Nifty of the NSE advanced 121.50 points or 0.62 per cent to settle at 19,811.35, as 37 index shares gained while 12 declined and one closed unchanged.
Buying was seen in FMCG, energy, metal, pharma and private bank shares, while most IT shares declined ahead of the announcement of quarterly financial results.
Among Sensex stocks, Wipro gained the most by 3.29 per cent. Ultratech Cement, Reliance Industries, Hindustan Unilever, Nestle, NTPC, M&M, HDFC Bank, ITC, Kotak Bank and Axis Bank were among the winners.
On the other hand, HCL Tech fell the most by 1.24 per cent. SBI, TCS, Infosys, IndusInd Bank and Tata Steel also dropped.
"The total market breadth was strong, as investors believe that the Middle East skirmish will be contained within the region and should not impact the crude price," Vinod Nair, Head of Research at Geojit Financial Services said.
Coal Minister urges State leaders to maintain stable coal prices amid rising global costs, assuring ample domestic supply.
Mahanagar Gas ensures reliable PNG and CNG supply in Maharashtra and Karnataka, offering customer benefits to encourage adoption.
OpenAI Chief Executive Sam Altman said on Monday he has stepped down from the board of directors of Helion Energy, the fusion startup he has backed since 2015
Nikhil Kamath and Quant MF back Swan Defence's oversubscribed ₹500 crore Offer for Sale, reflecting strong investor interest in defence stocks.
HDFC Bank appoints law firms to investigate allegations by former Chairman Atanu Chakraborty following his resignation.
Airlines are cancelling numerous flights amid escalating West Asia conflicts, leaving tens of thousands of passengers stranded worldwide.
The rupee declines 20 paise to 93.73 against the dollar as global oil prices rise and investor uncertainty persists.
Siemens said on Monday that the Iran war has led to customers holding back on new investments as prices increase for raw materials and energy.
OpenAI said its close ties with Microsoft could be a potential risk to its business, telling investors that the software company is responsible for “a substantial portion of our financing and compute,” CNBC reported
LPG crisis: Alternative solutions are being considered, with ammonia cylinders being increasingly used for industrial applications amid delays in commercial LPG deliveries.
India monitors U.S. military pause on Iran as oil prices dip; External Affairs Minister engages with GCC nations for support.
India monitors U.S.-Iran tensions as Trump pauses attacks, leading to a significant drop in oil prices.
Union Minister Ashwini Vaishnaw launches three initiatives to enhance India's creative economy through AI training, citizen platforms, and advanced tech access.