Market LIVE: Domestic equity benchmarks Sensex and Nifty ended higher on Wednesday driven by gains in HDFC Bank, Bajaj Finance, ITC, Infosys and RIL. S&P BSE Sensex ended 231.80 points or 0.57 per cent higher at 41,198.66, while broader Nifty 50 index finished at 12,129.50, up 74 points or 0.61 per cent. On the Sensex pack, Bajaj Finance, Nestle India, ITC, Infosys, HCL Tech and Power Grid were among the top gainers. Conversely, TCS, HDFC, UltraTech Cement, Titan and Sun Pharma were among the top laggards on the pack. Barring Nifty Pharma, all the sectoral indices have traded in green. The Nifty FMCG index gained the most over 1 per cent, led by gains in Marico, ITC, Nestle India, and Tata Global. In the broader market, S&P BSE MidCap index jumped 0.49 per cent or 77 points to 15,754.41, while S&P BSE SmallCap index settled at 14,841, just up 18 points or 0.12 per cent.
Bharatiya Mazdoor Sangh (BMS), an RSS-affiliated trade union, on Tuesday, slammed the Centre’s plan to privatise Air India. It urged the government to think “a hundred times” before going for privatisation of the airline. The Centre on Monday sweetened its offer for the sale of the debt-laden carrier. The government now intends to offload its 100% stake from 76% proposed in a 2018 attempt. Apart from retaining a large part of the debt, the government has also restrained a provision that substantial ownership and effective control of the airline must remain with an Indian entity.