Shares of rate sensitive sectors such as realty, infrastructure, banking and automobiles ended higher ahead of the Reserve Bank of India (RBI) mid-quarter policy review on June 17.
Oil tanked to a 7-year low as OPEC decided to maintain production.
A recovery in rupee, buying by domestic institutional investors, encouraging earnings by select blue-chips and stock specific buying helped the market get back on its feet
For the seven months since February 2014, the benchmark index surged nearly 27%.
'The market position from here on is expected to go up'.
Strong gains in Vedanta Ltd, Adani Ports, Bharti Airtel and Maruti Suzuki helped the index touch record levels.
The broader NSE Nifty gained 22 points to 10,480.60
BSE Mid-cap index ended at a record closing high of 10499.86 and CNX Mid-cap index ended at a record closing high of 12672.85 levels.
Firms hired additional hands to keep up with the production demand
Axis Bank emerged as the biggest gainer in the Sensex pack, surging 6.62 per cent, followed by SBI at 5.88 per cent.
The NSE Nifty, comprising 50 shares, breached the 8,300-mark for the first time to hit a new lifetime high of 8,330.75.
Broader market outperformed the benchmark indices with S&P BSE Midcap gaining over 1%
Most Asian stock markets steadied on Wednesday.
Sun Pharma dipped 2% to Rs 615 on the BSE, its lowest level since November 9, 2016
Banking stocks felt the heat due to worries that the lending rate cuts will hit their bottom line
The broader NSE Nifty too fell below the 10,100 level by dropping 100.10 points to end at 10,094.25
The S&P BSE Midcap and the S&P BSE Smallcap indices under-performed to lose 0.8% and 1.6%
Markets across the globe are rallying on hopes that the US Federal Reserve won't lift interest rates until 2016.
Asian Paints was the top gainer after the paints major posted robust first quarter earnings.
Extending losses for 7th session, Nifty fell below the 8,000 mark for the first time since Nov 25
The broader Nifty too fell for the second straight session and closed with a loss of over 62 points, or 0.54 per cent, at 11,520.30, after hovering between 11,496.85 and 11,602.55.
The S&P BSE Midcap and the S&P BSE Smallcap indices gained 0.3% and 0.5%, respectively
n the broader market, both the BSE Midcap and Smallcap indices, were up 1.2% and 0.7% each.
Among the gainers, Sun Pharma topped by rising 3.03 per cent as the weak rupee tempted buyers to accumulate shares of pharma exporters.
Investors are keenly awaiting the announcement of the macroeconomic data-IIP and CPI due on Tuesday.
S&P BSE Midcap and the S&P BSE Smallcap indices gained 2% and 1.6% respectively
Infosys was the top Sensex loser along with other index heavyweights ITC and HDFC.
Participants are keenly awaiting the rollovers to the next series ahead of the expiry of June F&O.
Sun Pharma was the best gainer among Sensex components, surging 6.91 per cent
Fresh buying by domestic institutional investors and better-than-expected June quarter results from some blue-chip companies boosted investor sentiment
Most of the session's gains for both the indices were wiped out as investors rushed to book profits ahead of F&O expiry on Thursday and also due to concerns over stretched valuations.
Investors have turned cautious ahead of the policy meetings of central banks in Japan and the US
The S&P BSE Midcap and S&P BSE Smallcap indices gained 0.4% and 1%, respectively
At the close, the 50-share NSE Nifty was at 8,611.15, up 19.90 points, or 0.23 per cent, after moving between 8,637.15 and 8,555.20.
After a volatile session, Sensex closed the day 563 points lower
BSE Healthcare, Oil & Gas, Consumer Durable, TECk, Power and Metal indices declined between 0.5-1%.
'Experts are not ruling out further pain as global factors cannot insulate India from the aftermath.'
The Sensex was up 70 points and the Nifty was up 20 points led by SBI on robust Q2 earnings.
Tata Motors was the worst performer on the Sensex, plummeting 10.32 per cent to Rs 436.55 after the company reported a steep 96.22 per cent decline in consolidated net profit for the December quarter.
The S&P BSE Sensex gained 57 points to end at 26,064 and the Nifty50 climbed 17 points.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances