Benchmark indices BSE Sensex and Nifty 50 rallied more than 1% on Wednesday, driven by stronger investor confidence as crude oil prices eased below $100 per barrel and expectations of renewed US–Iran dialogue lifted market sentiment.
The 30-share benchmark index ended at 78111.24 up by 1263.67 points or by 1.64 % and then NSE Nifty was at 24231.3 up by 388.65 points or by 1.63 %.
Sensex touched intraday high of 78270.42 and intraday low of 77849.52 The NSE Nifty touched intraday high of 24280.9 and intraday low of 24145.8
The top gainers of the BSE Sensex pack were InterGlobe Aviation Ltd. (Rs. 4634.45,+4.63%), Eternal Ltd. (Rs. 246.50,+4.36%), Power Grid Corporation of India Ltd. (Rs. 312.65,+4.11%), Adani Ports & Special Economic Zone Ltd. (Rs. 1514.60,+3.39%), Mahindra & Mahindra Ltd. (Rs. 1483.60,+3.33%), among others.
The top losers of the BSE Sensex pack were Bharti Airtel Ltd. (Rs. 1858.50,-0.64%), ICICI Bank Ltd. (Rs. 1347.80,-0.20%), among others.
Power index was at 7562.29 up by 210.72 points or by 2.87%. Reliance Power Ltd. (Rs. 28.94,+10.84%), Suzlon Energy Ltd. (Rs. 49.13,+7.15%), Siemens Ltd. (Rs. 3576.90,+6.96%), CG Power and Industrial Solutions Ltd. (Rs. 747.35,+4.44%), Power Grid Corporation of India Ltd. (Rs. 312.65,+4.11%),.
Bankex index was at 63407.91 down by 741.61 points or by 1.18%. Federal Bank Ltd. (Rs. 287.20,-0.35%), ICICI Bank Ltd. (Rs. 1347.80,-0.20%),.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 4777 , shares advanced were 3751 while 869 shares declined and 157 were unchanged.