The stock markets pared initial gains on Wednesday due to profit taking in key scrips such as ICICI Bank, REL, Reliance Communications, Infosys, Suzlon and Unitech.
The Sensex still ended up 19.80 points to 17,825.99, with 19 of its components declined while 11 of its scrips gained. It touched an intraday high of 18,137.28 in the morning and came off that level in the midsession and touched a low of 17,770.65.
The S&P CNX Nifty on the NSE closed down by 1.65 points to 5,268.40. Earlier in the day, the index touched a high of 5,368.15 on the back of buying by operators and investors. Report of a rising trend in the US and Asian stock markets fuelled the surge t o some extent.
Markets went up in early trades mainly led by gains in L&T, BHEL, Siemens and Reliance Industries. Capital goods and Oil& gas segments gave the momentum to the markets early.
PowerGrid shares climbed over 6 per cent to Rs 108 on the NSE after the stock exchange said that the stock would be included in the Nifty segment in the place of Bajaj Auto from March 14.
Sensex today closed 691.55 point up at 19854.12 , Nifty was up 218 points at 5985.10. It is the 6th bigeest gain in oneday. Today's main contributors are IT stocks. Wipro was up at 535.30 (+8.86%), Infosys up at 1810.90(+6.63%) and Satyam closed at 454.55 up by 6.28%. The buying activity was wide-base and lifted almost all the sectoral indices. Sector wise performance was as follows - BSE IT 4581.61 (+260.98) BSE Healthcare 4294.83(+52.30) BSE FMCG2218.74(+20.29) BANKEX 11101.74 (+363.15) BSE Auto5586.83(+45.57) BSE TECk3961.96 (+185.00) BSE PSU 9830.01 (+317.11) Today BSE Midcap closed at 9211.71 up by 186.17 and BSE Smallcap index closed at 11980.57 up by 167.25 points.
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