Closing Bell: Sensex regains 60000, Nifty ends above 19000
Domestic benchmarks Sensex and Nifty closed in the green for the fourth day in a row on Wednesday led by Bajaj Twins, Kotak Mahindra Bank, and ICICI Bank.
The Indian market continued to surge on Wednesday after a cautious start, led by gains in banking and financial names.
At the closing bell on January 5, the Sensex was up 367.22 points or 0.61% at 60,223.15, and the Nifty was up 120 points or 0.67% at 17,925.30. On the market depth, around 1649 shares have advanced, 1495 shares declined, and 74 shares are unchanged.
Among the top Nifty gainers of the day were Bajaj Finserv, Bajaj Finance, Kotak Mahindra Bank, JSW Steel and Grasim Industries. Top losers of the day included Tech Mahindra, Infosys, HCL Technologies, Divis Labs and Wipro.
On a sectoral basis, except IT, pharma and power all other sectoral indices ended in the green with auto, bank, metal, realty and oil & gas indices going up 1-2%. In the broader markets, the BSE midcap index added 0.36%, while smallcap index ended on a flat note.
Trending stock of the day was Bajaj Finserv which was the top Nifty gainer surging 4.95% to Rs 17,983.30. Bajaj Finance, Kotak Mahindra Bank, JSW Steel and Grasim were also among the gainers. In the BSE platform, Kotak Mahindra Bank, Axis Bank, Tata Steel, HDFC Bank and Asian Paints attracted the most gains with their shares rising as much as 3.45% in afternoon trade.
Even as the markets closed positively, volatility persisted amid concerns about increasing cases of the Omicron variant of COVID-19. But buying interest in financial, metal and consumer names pushed the headline indices higher. However, selling pressure in IT stocks kept the upside in check.
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