Sensex, Nifty Gain For Second Straight Session Led By IT Stocks

The S&P BSE Sensex and NSE Nifty 50 indexes gained for second straight session on Wednesday led by gains in information technology heavyweights Infosys and Tata Consultancy Services. Heavyweights like Reliance Industries, ITC, State Bank of India and Bajaj Finance also added to the gains. The benchmarks opened higher and extended gains in noon trading on the back of a broad-based buying interest. The Sensex rose as much as 507 points to hit an intraday high of 46,513.32 and Nifty 50 index rose above important psychological level of 13,600.

The Sensex advanced 437 points to close at 46,444 and Nifty 50 index climbed 135 points to settle at 13,601.

Buying was visible across board as all the 11 sector gauges compiled by the National Stock Exchange ended higher led by the Nifty Realty index’s nearly 4 per cent gain. IT, media, auto, PSU banking, FMCG, metal and pharma indexes also rose between 1-2 per cent.

Mid- and small-cap stocks also witnessed buying interest as Nifty Midcap 100 index climbed 2.4 per cent and Nifty Smallcap 100 index advanced nearly 3 per cent.

Wipro was top Nifty gainer, the stock rose 5.7 per cent to close at ₹ 385 after the company bagged a strategic digital and IT partnership deal from METRO AG, a leading global wholesale company that is redefining the food service distribution industry. The estimated deal value for the duration of the first 5 years is about $700 million, Wipro said in a regulatory filing to the stock exchanges.

Comments

Post a Comment

Popular posts from this blog

JCB India launches its new 3DX ecoXPERT

Image
JCB India launches its new 3DX ecoXPERT Designed to give significant savings in Fuel and Maintenance Integrated with “IntelliPerformance” India’s leading manufacturer of Earthmoving and Construction Equipment, JCB India launched its all new 3DX ecoXPERT Backhoe Loader in Bhopal.With JCB’s ‘IntelliPerformance’ technology, which efficiently manages the energy demands of the machine, the intelligent new 3DX ecoXPERT saves fuel and reduces maintenance costs, thus leading to significant savings.Mr. Subir Kumar Chowdhury, Managing Director & CEO of JCB India says, “We are delighted to have launched our new Backhoe Loader, the 3DX ecoXPERT. This new machine is designed to give up to 12% savings on fuel and up to 22% savings on maintenance. Equipped with ‘IntelliPerformance’ technology the machine comes with advanced telematics called JCB Livelink which enables real-time fleet management of equipment for our customers. JCB has pioneered in integrating Smart technologies such as Internet o
Read more

Top features why a dedicated WordPress hosting is best for your website

Dedicated servers are often looked upon as over-expensive web hosting solutions. You may consider them an overkill for your business, but there is no denying the fact that they are the best hosting solution out there. Today, we will tell you some features of a dedicated WordPresshosting that makesit the best for your business. Reliability This is the key factor why most businesses choose a dedicated WordPress server hosting to host their website. A dedicated WordPress hosting server is administered and maintained by a team of professionals who provide online support and work towards optimising the performance of the server. Unlike shared and VPS hosting plans which give you access to limited resources, dedicated server hosting provides a good hosting support. This in turn increases the reliability. Scalability Every business aims to grow their customer base and increase revenues. However, with the limited resources provided by theshared hosting, it can be challenging to handle the high
Read more