Markets maintain momentum for eighth day; Nifty nears 18,000 mark
The Hindu
Sensex and Nifty extended their rally for the eighth straight session on Wednesday, propelled by intense buying in IT, healthcare and auto stocks, as Nifty neared the 18,000 mark
Equity benchmarks Sensex and Nifty extended rally for the eighth straight session on Wednesday, propelled by intense buying in IT, healthcare and auto stocks amid sustained foreign fund inflows.
A strengthening rupee and positive opening in European markets further bolstered sentiment, traders said.
TCS will kick start the Q4 earnings season later in the day. Industrial Production data for February and March inflation rates are scheduled to be announced post-market hours.
The 30-share BSE Sensex climbed 235.05 points or 0.39% to settle at 60,392.77. During the day, it jumped 279.92 points or 0.46% to 60,437.64.
The broader NSE Nifty gained 90.10 points or 0.51% to finish at 17,812.40.
Among the Sensex firms, Infosys, Tata Motors, HDFC Bank, Asian Paints, Tech Mahindra, HDFC, Tata Consultancy Services, Sun Pharma and ICICI Bank were the biggest winners.
On the other hand, PowerGrid, NTPC, Nestle, UltraTech Cement, State Bank of India and ITC were among the laggards.
After Leader of the Opposition in the Assembly R. Ashok’s prediction on Saturday that Chief Minister Siddaramaiah will step down in November 2025 triggered intense political discussions in the State, Home Minister G. Parameshwara on Sunday said Mr. Siddaramaiah will continue for the full five-year term.