The rally on the country’s bourses continued for the fourth day on Wednesday with news of a possible better third quarter results along with the government allowing trusts to invest in securities, including shares and bonds of listed companies, creating bouyancy in the markets.
This helped the 30-share Sensex surge by 338.40 points or 1.70% to close above the 20K-mark at 20,192.52 points. The broader Nifty gained 85.65 points or 1.43% to close at 6,070.75 points. In last four sessions, the Sensex and Nifty have gained 1,101 and 320 points respectively.
The small and the mid cap companies once again managed to outperform the benchmark indices with BSE mid cap gaining 2.05% to close at 9,400.86 and the BSE small cap index adding 3.02% to close at 12,342.49 points. All the sectoral indices were in positive with BSE Oil & Gas leading the way, gaining 3.45% followed by BSE Metal and BSE Realty which gained around 2.5% each.
According to the provisional data released by the Stock Exchanges (SEs), foreign institutional investors (FIIs) were net buyers on Wednesday to the tune of Rs 538.29 crore while the domestic institutional investors (DIIs) were net buyers at around Rs 448.73 crore.