Sensex jumps 151 pts, Nifty above 8,560; Adani Enterprises up 5%

By: | Updated: August 5, 2015 4:41 PM

Overall market breadth remained strong on the BSE as 1,803 stocks ended with gains while 1,152 closed with losses.

bse sensex, nse niftyThe BSE Sensex ended up 0.54 per cent, while the Nifty rose 0.6 per cent, marking their highest close since July 23. (Express photo)

Domestic equity markets rose on Wednesday, marking their highest close in nearly two weeks, led by gains in software exporters such as Infosys, as investors seeking bargains bought into beaten down stocks.

The BSE Sensex ended up 0.54 per cent, while the Nifty rose 0.6 per cent, marking their highest close since July 23.

Among the sectoral indices on the Bombay Stock Exchange (BSE), the BSE Realty index gained the most 3.31 per cent to 1,435.20. It was followed by the BSE IT index (up 1.78 per cent), BSE Healthcare index (up 1.55 per cent) and BSE TECk index (up 1.53 per cent).

On the other hand, BSE Bankex and BSE Metal index slid 0.33 per cent and 0.04 per cent to 21,743.74 and 8,802.19, respectively.

Overall market breadth remained strong on the BSE as 1,803 stocks ended with gains while 1,152 closed with losses.

Nifty closed 51 points higher at 8,567.95. It made an intraday high of 8,591 and low of 8,545. Similarly, the BSE Sensex opened at 28,138.04, made a high and low of 28,315.71 and 28,135.68, respectively.

The BSE Sensex jumped 151 points to 28,223.08 on Wednesday.

“After yesterday’s credit policy the view was that we could go down and recover. My sense is that we are seeing some buying at lower levels,” said, Gaurang Shah, vice president, Geojit BNP Paribas.

Among the Nifty stocks, Zee Entertainment, Infosys, Tata Steel, Bajaj Auto and Wipro were the top performing stocks with gains of 2.98 per cent, 2.62 per cent, 2.59 per cent, 2.55 per cent and 2.40 per cent, respectively.

However, Bank of Baroda, ICICI Bank, Yes Bank, Coal India and Tata Power slid 1.52 per cent, 1.32 per cent, 1.13 per cent, 0.88 per cent and 0.64 per cent, respectively, and stood at the bottom of the performance chart of the index.

Shares of Adani Enterprises gained 4.61 per cent to Rs 98.75 on Wednesday after the company said on Tuesday it was in talks with Taiwan’s Foxconn for a possible joint venture, though no agreement had been signed.

Nestle India rose as much as 10 per cent after India’s FSSAI-approved lab found Nestle’s Maggi noodles to be safe. The scrip closed 7.53 per cent higher at 6,831.95.

Bharti Airtel gained 0.77 per cent after reporting better-than-expected earnings on Tuesday.

Realty major DLF rallied more than 9 per cent intraday after reports that the company is looking forward to raise Rs 7,500 crore and is seeking approval for the same from the company’s board. The share price of the company closed 5.95 per cent higher at Rs 122.

Asian peers Nikkei 225, and Hang Seng gained 0.46 per cent and 0.44 per cent, respectively, while Shanghai was down by 1.64 per cent on Wednesday.

(With inputs from Reuters)

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