The benchmark equity indices Sensex and Nifty rebounded from initial declines to trade in positive territory on Wednesday, supported by value buying in beaten-down stocks and strong gains in metal counters.
At 14:30 hours, the 30-share benchmark index was trading at 74849.45 up by 290.21 points or by 0.39 % and then NSE Nifty was at 23516.8 up by 137.25 points or by 0.59 %.
Sensex touched intraday high of 75191.57 and intraday low of 74134.48 The NSE Nifty touched intraday high of 23582.95 and intraday low of 23262.55
The top gainers of the BSE Sensex pack were Asian Paints Ltd. (Rs. 2623.30,+4.70%), Bharat Electronics Ltd. (Rs. 430.05,+3.23%), Tata Steel Ltd. (Rs. 218.60,+3.11%), Adani Ports & Special Economic Zone Ltd. (Rs. 1741.00,+3.08%), Bharti Airtel Ltd. (Rs. 1790.90,+1.94%), among others.
The top losers of the BSE Sensex pack were Power Grid Corporation of India Ltd. (Rs. 300.60,-1.86%), Infosys Ltd. (Rs. 1125.30,-1.33%), Mahindra & Mahindra Ltd. (Rs. 3137.35,-1.23%), Tata Consultancy Services Ltd. (Rs. 2278.50,-0.96%), Mahindra & Mahindra Ltd. (Rs. 1379.65,-0.91%), among others.
Metal index was at 43372.43 up by 1377.82 points or by 3.28%. Steel Authority of India (SAIL) Ltd. (Rs. 199.40,+13.30%), NMDC Ltd. (Rs. 91.43,+5.64%), Hindustan Zinc Ltd. (Rs. 670.55,+4.52%), National Aluminium Company Ltd. (Rs. 409.45,+3.97%), Hindalco Industries Ltd. (Rs. 1076.25,+3.32%),.
IT index was at 27245.43 down by -240.53 points or by -0.88%. Sasken Technologies Ltd. (Rs. 1760.00,-4.45%), ASM Technologies Ltd. (Rs. 3057.05,-4.21%), Affle 3I Ltd. (Rs. 1521.25,-3.99%), Nintec Systems Ltd. (Rs. 545.00,-3.54%), Birlasoft Ltd. (Rs. 319.90,-3.51%),.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 4513 , shares advanced were 2589 while 1722 shares declined and 202 were unchanged.