Sensex Surges 657 Points, Nifty Settles Above 17,450; Auto, Banking Stocks Rise
NDTV
The Indian equity benchmarks on Wednesday extended gains to the second consecutive session led by strong buying interest in automobile and banking stocks.
New Delhi: The Indian equity benchmarks on Wednesday extended gains to the second consecutive session led by strong buying interest in automobile and banking stocks. The 30-share BSE soared 657 points or 1.14 per cent to settle at 58,466, while the broader NSE Nifty moved 197 points or 1.14 per cent higher to close at 17,464.
Mid- and small-cap shares finished on a positive note as Nifty Midcap 100 index jumped 1.14 per cent and small-cap shares moved 0.41 per cent higher.
13 out of the 15 sector gauges -- compiled by the National Stock Exchange -- settled in green. Nifty Auto and Nifty Private Bank outperformed the index by rising as much as 2.19 per cent.
On the stock-specific front, Coal India was the top Nifty gainer as the stock surged 5.63 per cent to Rs 168.95. Maruti Suzuki India, Indian Oil Corp, Shree Cement and Hindalco were also among the gainers.
