Closing Bell: Sensex Jumps 100 Pts; Nifty Above 11,450
About 946 stocks declined and 879 shares advanced on National Stock Exchange.
BSE Sensex rose to 38, 618, up by 112 points while Nifty 50 jumped 41 points at 11,469 at the closing bell on Wednesday, 16 October.
Earlier, Indian equity benchmarks opened higher driven by gains in Wipro and industrial stocks on Wednesday. The S&P BSE Sensex rose 0.27 percent to 38,608.23 and the NSE Nifty 50 rose 0.29 percent to 11,468.30. The broader markets represented by the NSE Nifty 500 Index rose 0.32 percent, according to BloombergQuint.
The market breadth, however, was tilted in favour of sellers. About 946 stocks declined and 879 shares advanced on National Stock Exchange.
Eight out of 11 sectoral gauges compiled by NSE traded higher, led by the NSE Nifty Realty Index’s 0.71 percent gain. On the flipside, the NSE Nifty Pharma Index was the top sectoral loser, down 0.12 percent.
(With inputs from NSE, BSE, BloombergQuint)
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