Markets closed higher on Wednesday’s session. The Sensex crossed 622 pts at 30,818 while the Nifty rose 187 points to settle at 9,066, led by mostly banking stocks and index heavyweights like Reliance, L&T, and ITC.
On NSE, all sectoral indices closed the day in the green. Pharma stocks surged over 4 percent, Nifty Auto and Bank rose over 2 percent each. Nifty Financial Services was also up 3.6-pc and Nifty FMCG rose 1.5-pc for the day. Track latest market updates Best stock tips and Nifty future stocks from here.
Dr Reddy’s, HDFC, Mahindra&Mahidnra, Bharat Petrolium, and GAIL India were the top gainers on the Nifty-fifty while Bharti Infratel, IndusInd Bank, Hero MotoCorp, Vedanta, and Bharti Airtel led the losses.
Reliance Industries, which opened its rights issue on Wednesday, also witnessed good gains and the stock closed higher by 2 per cent. Shares of Tata Power also climbed up 3.5 per cent, after the company reported its Q4FY20 net profit at Rs.474.7-Cr.