Stock Market: Sensex Soars 742 Points; Nifty Ends Above 19,650. All Sectors In The Green; Realty, IT Lead

Stock update: On the 30-share Sensex platform, TechM was the lead gainer, up 3.83 per cent, followed by Tata Motors, Infosys, Wipro, Tata Steel, TCS emerged gainers

In the broader markets, the BSE Midcap index added 0.90 per cent, while the BSE Smallcap index rose 1.13 per cent.

Source : Getty

The two key equity benchmarks, Sensex and Nifty, on Wednesday closed higher amid buying across all sectors and lower inflation readings. The S&P BSE Sensex soared 742 points to end at 65,676. On the other hand, the NSE Nifty50 settled at 19,675, up 232 points.

On the 30-share Sensex platform, TechM was the lead gainer, up 3.83 per cent, followed by Tata Motors, Infosys, Wipro, Tata Steel, TCS emerged gainers. On the downside, only Bajaj Finance, IndusInd Bank, and PowerGrid were the losers.

#ABPStockMarketWatch | Sensex and Nifty closed higher amid buying across all sectors, on Wednesday

At 04:00 PM, #Sensex gained 742 points to 65,676 & #Nifty 232 points to 19,675

Here's a look at the stocks in focus:#ABPLive #MarketWatch pic.twitter.com/tm51kjyY1t

— ABP LIVE (@abplive) November 15, 2023

In the broader markets, the BSE Midcap index added 0.90 per cent, while the BSE Smallcap index rose 1.13 per cent.

Sectorwise, all the indices closed in the green, with capital goods, auto, metal, information technology, oil & gas and realty advanced 1-3 per cent. Nifty Realty index zoomed 2.95 per cent, followed by the Nifty IT index (up 2.59 per cent), the Nifty Auto (up 1.7 per cent each), and the Nifty Financial Services (up 1.2 per cent).

In the previous session on Monday, the BSE Sensex closed 326 points lower at 64,934, while the NSE Nifty50 settled at 19,444, down 82 points. Stock market remained closed on Wednesday on account of Balipratipada.

In Asian markets, Seoul, Tokyo, Shanghai, and Hong Kong settled in the positive territory. European markets were trading in the green. The US markets ended with significant gains on Tuesday.

Global oil benchmark Brent crude declined 0.78 per cent to $81.83 a barrel.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,244.44 crore on Tuesday, according to exchange data.

Meawhile, India rupee appreciated 21 paise to close at 83.12 (provisional) against the US dollar on Wednesday as the American currency retreated from its elevated levels after the US inflation came lower than expected. A firm trend in domestic equity markets and risk-on sentiment also supported the local unit, forex traders said.

The rupee gained as the American currency weakened after US Inflation eased to its lowest level since September 2021, they added. At the interbank foreign exchange, the rupee opened at 83.03 and finally settled at 83.12 against the greenback, registering a gain of 21 paise from its previous close.