The stock market on Wednesday snapped the two-day losing streak and ended at a one-month high. Nifty 50 closed above 25,300 amid broad-based buying.
At close, the Sensex was up 575.45 points or 0.70per cent at 82,605.43, and the Nifty was up 178.05 points or 0.71per cent at 25,323.55. The BSE midcap index added one percent and the smallcap index jumped 0.7per cent . The overall market capitalisation of BSE-listed firms rose to nearly Rs 464 lakh crore from about Rs 460 lakh crore in the previous session.
Among the sectors, Nifty Realty clocked a strong gain of 3.04per cent . PSU Bank was up by 1.67per cent , Metal up by 1per cent , and FMCG by 1per cent clocking healthy gains. Nifty Bank rose 0.54per cent while Financial Services rose by 0.91per cent . On Nifty50, around 38 stocks ended higher. These included Bajaj Finance up by 4.07per cent , Nestle India up by 3.98per cent , and Bajaj Finserv up by 3.14per cent ending as the top gainers.
On the other hand, shares of Infosys was down by 1.04per cent , Bajaj Auto down by 0.96per cent , and Tata Motors was down by 0.90per cent . Out of 4,326 stocks traded on the BSE, 2,503 advanced, while 1,659 declined. Some 164 stocks remained unchanged. Around 149 stocks hit their 52-week highs in intraday trade, while 137 stocks hit their 52-week lows on the BSE. Those hitting high included Bajaj Finance, Eternal, Canara Bank, Cholamandalam Investment and Finance Company, L&T Finance, Bank of Maharashtra, MCX, RBL Bank, and Tata Communications, among others.
Those on the lows included Godrej Agrovet, KNR Constructions, Vedant Fashions, SKF India, and Westlife Foodworld, among others. In terms of individual performances, Persistent Systems shares added 7per cent on higher Q2 profit, ICICI Lombard shares rose 8per cent on Q2 profit, and Godrej Properties shares rose 3.5per cent on acquiring a land parcel near Bengaluru