Dalal Street witnessed a bullish trend on Wednesday, with both major indices closing higher. The BSE Sensex gained 182.34 points, reaching 81,330.56, while the Nifty climbed 88.55 points to close at 24,666.90. This surge boosted investor confidence and created a positive market sentiment.
New Delhi: The domestic stock market displayed b gains on Wednesday. Amidst easing inflation and positive global market signals, investors heavily purchased shares in the metal and industrial sectors. Furthermore, the inflow of investments from Foreign Institutional Investors (FIIs) provided additional support to the market.
As a result, the BSE Sensex closed at 81,330.56, up 182.34 points or 0.22%. During trading, the Sensex fluctuated between 80,910.03 and 81,691.87. A total of 2,857 shares closed in the green, while 1,121 shares declined, and 147 remained unchanged.
The Nifty 50 index on the National Stock Exchange (NSE) also closed with a gain of 88.55 points, or 0.36%, settling at 24,666.90. Tata Steel led the gainers, registering a significant increase of 3.88%.
Other prominent gainers included Eternal, Tech Mahindra, Maruti, Mahindra & Mahindra, Infosys, IndusInd Bank, HCL Tech, Tata Consultancy Services, and Bharti Airtel. Airtel's shares increased by 1%. Conversely, Asian Paints, Tata Motors, Kotak Mahindra Bank, NTPC, and Powergrid experienced losses.
Strong Buying in These Stocks
Stocks such as GRSE, HBL Power, Authum Investment & Infrastructure, PTC Industries, Railtel Corp, SBFC Finance, and Ircon International showed b bullish signals, surpassing their 52-week highs.
Stocks Showing Weakness
Conversely, the MACD indicator suggested weakness in Raymond, Syrma SGS Technology, Metropolis Healthcare, Vijaya Diagnostic Centre, REC Ltd, Raymond Lifestyle, and Poly Medicure, hinting at potential declines.
