The Indian market indices bounced back on Wednesday, recouping losses from the prior session's 1% slide, supported by buying interest in banking, auto, and IT shares. However, concerns around foreign fund outflows could cap further upside.At close, the Sensex was up 410.19 points or 0.51 percent at 81,596.63, and the Nifty was up 129.55 points or 0.52 percent at 24,813.45. About 2214 shares advanced, 1615 shares declined, and 126 shares remained unchanged.
Bharat Electronics, Cipla, Tata Steel, Bajaj Finserv, and HDFC Life were the top gainers on the Nifty, while losers included IndusInd Bank, JSW Steel, Kotak Mahindra Bank, Coal India, and Grasim.On the sectoral front,Nifty Realty was the top performer, rising 1.7 percent, followed by Nifty Pharma and Nifty PSU Bank, which gained 1.3 percent and 0.7 percent, respectively. Other gainers included Nifty IT and Nifty Metal, which were up 0.7 percent and 0.4 percent, respectively. Among the losers, Nifty Consumer Durables declined 0.5 percent, according to information.The broader market, represented by the Midcap 100 and Smallcap 100 indices, rose 0.8 and 0.4 percent, respectively.
Rupee Close:
On 21 May'25,the Indian rupee consolidated in a narrow range and settled for the day down by 1 paisa at 85.59 against the U.S. dollar on Wednesday , on dollar demand from importers and foreign banks as well as surge in crude oil prices.Forex traders reportedly stated market sentiment soured under pressure from rising U.S. Treasury yields and persistent foreign fund outflows. However, positive domestic markets and a weak U.S. dollar index cushioned the downside.
Trading Guide:
Market experts recommended five shares to buy -Honasa Consumer, eClerx Services, Thomas Cook (India), D P Wires, and BLS E-Services.
(Business Correspondent)
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