Market Closing: Sensex Ends 149 pts Higher, Nifty Above 19,600; Steel Stocks Shine
Market Closing: Sensex Ends 149 pts Higher, Nifty Above 19,600; Steel Stocks Shine
Indian equity markets edged lower in early hours on Wednesday as investors remain on the sidelines amid mixed global cues

Sensex Today: The Indian equity benchmarks ended higher after a highly volatile session on August 9, a day of the ahead of RBI’s monetary policy decision, supported by buying across sectors barring realty and banking.

The S&P BSE Sensex slipped to a low of 65,444 in early deals tracking losses in global peers. The BSE benchmark index, however, recouped losses and bounced back into the positive terrain towards the end of the trading day. The Sensex eventually ended Wednesday’s trading session with a gain of 149 points at 65,996.

The NSE Nifty 50 hit a low of 19,468, but finally settled 62 points higher at 19,633.

Among the Sensex 30 shares, JSW Steel surged over 3 per cent. Tata Motors and Mahindra & Mahindra gained around 2.5 per cent each, while Tata Steel too spurted 2 per cent. Titan, ITC, Tech Mahindra and NTPC were the other prominent gainers. On the other hand, Bajaj Finserv, Maruti and ICICI Bank were the notable losers, down up to a per cent each.

In the broader market, the BSE MidCap indx advanced 0.4 per cent, and SmallCap added 0.6 per cent. The overall breadth was fairly positive, with over 2,000 shares advancing as against 1,550 declining stocks on the BSE.

Sectorally, the BSE Metal index surged 2.5 per cent. The Energy and Consumer Durables indices were up over a per cent each. On the flip side, the Realty index was down over a per cent.

Asia-Pacific markets were mixed this morning as China’s consumer price index fell in July, for the first time in 28 months.

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