Illustration: Ajay Mohanty
Stock market LIVE updates: Benchmark indices were trading higher on Wednesday amid steady global cues, and healthy buying in metal, financials, and select IT and FMCG stocks.
The S&P BSE Sensex was quoting at 61,073 levels, up 417 points or 0.7 per cent. The Nifty50, meanwhile, was at 18,167 levels.
Tata Steel, Hindalco, HDFC Bank, HDFC, Wipro, ONGC, Kotak Bank, and SBI Life were the top large-cap gainers, rising in the range of 1 per cent to 2.1 per cent.
Shares of HDFC twins – HDFC Bank and Housing Development Finance Corporation (HDFC) – were trading higher for the second straight day, gaining over 3.4 per cent in the past two trading days. In the past three months, HDFC Bank (up 13 per cent) and HDFC (up 15 per cent) have outshone the markets as the benchmark index recorded 3 per cetn gain during the period. READ MORE
Adani Enterprises, HDFC Life, Tata Motors, Adani Ports, Bajaj Auto, M&M, BPCL and SBI, meanwhile, were the top laggards, down up to 2.7 per cent.
In the broader markets, the BSE MidCap and SmallCap indices gained to 0.3 per cent each.
Among sectors, the Nifty Metal index led from the front, advancing 1 per cent on the National Stock Exchange (NSE). On the flipside, the Nifty PSU Bank index fell 1 per cent to trade as the top dragging index on the exchange.
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