The stock market on Wednesday witnessed healthy buying for the third consecutive session with Sensex rising 600 points and the Nifty 50 reclaiming 25,850.
At close, the Sensex was up 595.19 points or 0.71% at 84,466.51, and the Nifty was up 180.85 points or 0.70% at 25,875.80. Broader indices also performed inline with the main indices with Nifty Midcap hitting fresh 52-week high of 61,011, while Smallcap index rose 0.8%. The overall market capitalisation of BSE-listed firms rose to Rs 473.6 lakh crore from Rs 468.9 lakh crore in the previous session.
Among the sectors, Nifty IT emerged as the top performer, gaining 2.04%. It was followed by Nifty Auto, Nifty Pharma, and Nifty Consumer Durables, which each advanced over 1%. While on the downside, Nifty Realty was the top laggard, slipping 0.49%.
On Nifty, the top gainers were Asian Paints, Adani Enterprises, Tech Mahindra, TCS, HDFC Life, while losers were Tata Steel, TMPV, Bharat Electronics, Shriram Finance, Grasim Industries.
Further, over 130 stocks touched their 52-week high on the BSE. These included GE Shipping, Max Financial, Adani Ports, Canara Bank, Titan Company, UPL, Adani Energy, Alkem Lab, Hitachi Energy, Bank of India, Asian Paints, NALCO, BHEL, Asahi India, Can Fin Homes, M&M, HPCL, IOC, Bharat Forge, Ashok Leyland, among others.
In terms of stock-specific performances, L&T Technology Services shares rose 1.5% on the partnership with Autodesk. Adani Enterprises advanced 5%, Max Financial share price gained 5% on better Q2 results, Zaggle Prepaid Ocean Services share price rose 4%, Ashok Leyland slipped into the red, falling 2.40% to Rs 142.5 apiece.
The positive global cues helped the indices to open gap-up and further extended buying helped Nifty to hit day’s high. The market was also supported by exit polls of Bihar.