The stock market on Wednesday wrapped up the session on a high note, notching its seventh straight day of gains. Robust buying was seen in IT, auto, and pharma stocks.
There was a smart rally in equities, with HDFC Bank and Bharti Airtel emerging as the biggest gainers.
At close, the Sensex was up 309.40 points or 0.40% at 77,044.29, and the Nifty was up 108.65 points or 0.47% at 23,437.20.
In a rank-wise analysis, Reliance Industries remained the most valued firm, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Hindustan Unilever, Bajaj Finance and ITC.
Stock Market staged a strong rebound, snapping a three-day losing streak with Nifty 50 closing above 22,500 as across-the-board buying revived sentiment, in-line with the rally across Asian markets and Europe.
Sensex opened lower at 75,335.45, and ended at 75,410.39, down 7.65 points, or 0.01 per cent.
Nifty 50 opened higher at 22,614.10, and sustaining a consistent rally climbed to an all-time high of 22,993.60. However, at close, the Nifty 50 was at 22,967.65, up 369.85 points, or 1.64 per cent.
It is noteworthy that the pre-election rally has already pushed the stock market to a record market capitalization of USD 5 trillion.
Sensex closed 53 points, or 0.07%, lower at 73,953.31, while the Nifty 50 ended the day 27 points, or 0.12%, higher at 22,529.05.
During an interview with NDTV, Kishor said that BJP’s failure to secure its own target of 370 seats may reflect investors’ disappointment in the stock markets.
