Mumbai
Wednesday’s trading session was mixed for the Indian stock market. The market operated in a limited range. However, at the end of trading, the Sensex rose 149.85 points or 0.19 percent to 79,105 and the Nifty closed with a marginal gain of 4.75 points at 24,143.
Selling trend was seen in midcap and smallcap stocks. Nifty Midcap 100 index closed down 334 points or 0.59 percent at 56,547 and Nifty Smallcap 100 index closed down 116 points or 0.64 percent at 18,087. Sector-wise, only IT, service sector and consumption index closed in the green. PSU Bank, Pharma, FMCG, Metal and Realty index declined. Nifty Bank closed down 104 points or 0.21 percent at 49,727.
TCS, HCL Tech, Tech Mahindra, Infosys, M&M, Wipro and Bharti Airtel were the top gainers in the Sensex. UltraTech Cement, JSW Steel, Tata Steel, Power Grid, IndusInd Bank, Bajaj Finserv, Axis Bank and ICICI Bank were the top losers.
On the Bombay Stock Exchange (BSE), 2,408 stocks closed in red, 1,511 in green and 117 remained unchanged. Market experts say that due to weak domestic signals, the market traded in a limited range. However, due to the expectation of reduction in inflation in America, there was a rise at the global level. Due to this, there was a jump in IT stocks.
