MUMBAI: Â Benchmark indices Sensex and Nifty surged nearly 1 per centon Wednesday, driven by strong gains in IT, capital goods, and industrial stocks, amid a positive trend in global markets.
TheBSE Sensex jumped 631.55 points or 0.83 per cent to close at 76532.96, after touching an intraday high of 76599.73, up 698.32 points or 0.92 per cent. The NSE Nifty soared 205.85 points or 0.90 per cent to 23163.10.
Key market movers:
Among the 30-share Sensex pack, Zomato surged nearly 7 per cent, leading the gainers’ list. Other top performers included Tata Motors, Infosys, UltraTech Cement, Tech Mahindra, Mahindra & Mahindra, and Bajaj Finance.
On the other hand, ITC Hotels, Bharti Airtel, Maruti Suzuki, Asian Paints, and ITCwere among the laggards.
Asian markets sawmixed movements, with Seoul and Tokyo closing higher, whileShanghai and Hong Kong remained shut due to holidays. European markets traded mostly in thegreen, while US markets ended higher on Tuesday, providing further support to Indian equities.
FII activity & Oil prices
Despite the rally, foreign institutional investors (FIIs) continued to sell, offloading Rs4920.69 crore worth of equities on Tuesday, according to exchange data.
Meanwhile, global crude oil prices softened, with Brent crude slipping 0.93 per cent to $76.77 per barrel.
On Tuesday, the Sensex had gained 535.24 points or 0.71 per cent to close at 75901.41, while the Nifty rose 128.10 points or 0.56 per cent to 22957.25.
The current momentum suggests investor optimism, led by strength in IT stocks and supportive global trends, as the market approaches key resistance levels.
