Mumbai: Equity benchmarks ended higher on Wednesday amid buying in banking counters and a firm trend in global markess Continuing its pre ous day rally the 30 – share SE senses climbed to settle att, 6. During the day 11 jumped 360 points or to 6.71.
From the Sensex pack, State Bank of India, Bajaj Finance. Dr. Reddy’s, Kotak Mahindra Bank, Sun Pharma, Maruti. NTPC. Axis Bank and ICICI Bank were the major winners. Power Grid, Tech Mahindra, Titan, Bharti Airtel, and Bajaj Finserv were among the laggards.
Elsewhere in Asia, markets in Seoul, Shanghai, and Hong Kong ended higher Equity ex-changes in Europe and were trading mostly in the green in the afternoon trade. Wall Street ended higher on Tuesday.
” Following the global trend, domestic indices continued to cautiously build gains as investors braced for the Federal Open Market Committee ( FOMC ) meeting minutes. The declining dollar index and falling bond yield provided short-term relief, while the FIls ‘ unpredictability kept investors at bay ” said Vinod Nair, head of research at Geojit Financial Services.
International oil benchmark Brent crude was trading 1 % higher at $ 89.3 per barrel.
” Markets held on to modest gains in a volatile session ahead of the key FOMC minutes. Investors preferred to stay on the sidelines despite tomorrow being a November F & O series expiry day, ” said research Prashanth Tapse – analyst, senior VP ( research ), Mehta Equities Ltd.
In the broader market, the BSE smallcap gauge climbed 0.5 %, and the midcap index advanced 0.2 %.
Among sectoral indices, oil & gas climbed 0.7 %, metal 0.7 %, financial services 0.5 %, energy 0.5 %, healthcare 0.4 %, and utilities 0.3 %.