Closing Bell: Market ends on a positive note, Nifty scales 17450
Domestic equity bourses Sensex and Nifty extended gains to a second straight day on Wednesday, while investors await the outcome of the RBI's policy review meet tomorrow.
The Indian equity market on Wednesday extended gains to the second consecutive day led by strong buying interest in the automobile, banking, IT and consumer shares which proved to be today's biggest movers, pushing the headline indices higher.
At the closing bell on February 9, the Sensex was up 657.39 points or 1.14% at 58,465.97, and the Nifty was up 197 points or 1.14% at 17,463.80. On the market breadth, around 1711 shares have advanced, 1539 shares declined, and 105 shares are unchanged.
Top Nifty gainers of the day were Coal India, Maruti Suzuki, Hindalco, IndusInd Bank and Bajaj Auto, while top losers were ONGC, Sun Pharma, BPCL, ITC and SBI Life Insurance.
Among the trending stocks of the day, Coal India was the top Nifty gainer and surged 5.63% to Rs 168.95.
On the sectoral front, except oil & gas and PSU bank all other sectoral indices ended in the green with capital goods, auto, IT, metal and Bank up 1-2%. In the broader market, the BSE Midcap and Smallcap indices gained 0.6-1.2%.
In the buzzing stock, Adani Wilmar rose as much as 19.98% to hit its upper circuit limit of Rs 318.20, valuing the firm at Rs 41,355 crore.
Also in the news, the Reserve Bank of India is expected to hold its repo rate steady and increase its reverse repo at the end of a three-day meeting on Thursday. Repo rate is the rate at which a central bank lends money to banks, and reverse repo rate is at which it borrows from commercial lenders.
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