Domestic indices turned green on Wednesday cheering lower US CPI and India’s WPI inflation figures. The NSE Nifty 50 rose 93.10 pts or 0.55% to 17,136.40, BSE Sensex climbed 332.42 pts or 0.57% to 58,232.61 and Bank Nifty surged 307.05 pts or 0.78% to 39,718.45. The top gainers on Nifty 50 were Larsen & Toubro (up 2.40%), Asian Paint (up 2.40%), UPL (up 2.20%), Titan (up 2.02%) and Hindalco (up 1.99%) while Bharti Airtel (down 1.20%), SBI Life (down 0.84%), Hindustan Unilever (down 0.78%), Nestle India (down 0.31%) and ONGC (down 0.26%).
Cipla, PNC Infratech shares in focus today
PNC Infratech shares rose 2.30% to Rs 291.30 after the company emerged as the lowest bidder for the construction of a 6-lane Greenfield Varanasi-Ranchi-Kolkata highway in Bihar with a length of 35.2 km for a cost of Rs 1260 crore.
All the sectoral indices were trading in green. Bank Nifty
Asian and US stock markets
Asian markets were trading in green with China’s Shanghai Composite index rising 0.62%, Hong Kong’s Hang Seng jumping 2.49%, Japan’s Nikkei 225 surging 0.25% and South Korea’s KOSPI soaring 1.82%.
The US market ended the overnight session in the green territory with Dow Jones Industrial Average rising 1.06%, S&P 500 surging 1.65% and the tech-heavy Nasdaq soaring 2.14%.
FII and DII data
Foreign institutional investors (FII) sold shares worth a net Rs 3086.96 crore, while domestic institutional investors (DII) bought equities worth a net Rs 2121.94 crore on 14 March, according to the provisional data available on the NSE.
NSE F&O Ban
The National Stock Exchange has put GNFC and Indiabulls Housing Finance