Leaders Online: Heavy buying was recorded in the Indian stock market on Wednesday. Interestingly, despite the negative signals from the global market, the Indian stock market traded bullishly. Sensex rose by 600 points to touch 73 thousand in today's trading session. While Nifty remained at the level of 22,100. The Sensex then closed up 526 points at 72,996. Nifty rose by 118 points to settle at 22,123. The stock market benefited from a strong rally in Reliance Industries shares.
Buying was seen in all sectors except FMCG. Auto, capital goods, power, realty, telecom gained 0.5-1 percent each, while metal, IT, media declined 0.5 percent each. The BSE Midcap index closed flat and the Smallcap index gained 0.7 percent.
Reliance Top Gainer
Sensex opened at 72,692 today. After that it reached 73 thousand. Shares of Reliance were the top gainers on the Sensex. The stock rose nearly 4 percent to Rs 2,998 today. It then settled at Rs 2,985. Along with this, the shares of Maruti, Bajaj Finance, LT, Sun Pharma, Kotak Bank rose by 1 to 2 percent.
Shares of Reliance, Bajaj Auto, Maruti, Adani Ports, Bajaj Finance gained between 1 to 4 percent on the Nifty. While Hero Motocorp, Tata Consumer, UPL, Wipro, Dr. Reddy's shares became the top losers.
Maruti Suzuki's market cap at 4 lakh crores
Shares of Maruti Suzuki rose 4 percent to Rs 12,725 on BSE today. After that, the shares settled at Rs 12,550. The rally made Maruti Suzuki India the 19th listed company in India to cross the Rs 4 lakh crore market cap mark.
Global market
US stock market indices closed down yesterday. Asian markets also showed some weakness today. Hong Kong's Hang Seng fell 1.36 percent. Also, Chinese market indices fell today. Meanwhile, Japan's Nikkei closed up 0.9 percent.
Foreign investors
Foreign portfolio investors bought Indian stocks worth Rs 10.13 crore on Tuesday. While domestic institutional investors bought shares worth Rs 5,024 crore.
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