Domestic stock markets extended gains for the second straight day on Wednesday, based on interest in automobile and pharmaceutical stocks. The S&P BSE Sensex climbed 117.05 points – or 0.30 percent – to touch 39,161.40, the strongest level in early trading, and the broader NSE Nifty 50 benchmark climbed to 24,575.55, 24.75 points – or 0.21 percent – from its previous. Close it. Global stocks registered cautious gains as investors awaited the outcome of a two-day policy meeting of the US central bank.
The Sensex ended 258.50 points – or 0.66 percent – at a high of 39,302.85, and the Nifty was up 82.75 points – or 0.72 percent, from its previous close at 11,604.55.
Dr. Reddy’s Laboratories, Mahindra & Mahindra, Hindalco, Bajaj Auto and Britannia, closed between 3.05 per cent and 4.44 per cent higher, achieving the top percentile in the 50-point Nifty index.
IndusInd Bank, NTPC, Bharti Infratel, SBI and Axis Bank, on the other hand, finished between 1.02 percent and 2 percent lower, topping.
HDFC Bank, Infosys and Mahindra & Mahindra were the biggest gainers in the Sensex, contributing over 150 points to the index gain.
Shares rose higher elsewhere in Asia, with MSCI’s largest index of Asia Pacific shares outside Japan rising 0.47 percent, but a two-day meeting the day before the Federal Reserve issued a policy statement to investors Be alert at the end of
Japan’s Nikkei 225 benchmark climbed 0.09 percent.
E-mini S&P 500 futures were up 0.48 percent, signaling a positive start for Wall Street on Wednesday.
The decision of the US central bank is scheduled to take place at 11:30 pm, after which half-an-hour Chairman Jerome Powell held a news conference.
European stocks started the day off with a slump, with the FTSE benchmark of the United Kindgom losing 0.10 percent in early trade, while France’s CAC and Germany’s DAX index gained 0.15 percent and 0.06 percent, respectively.