Sensex today | Stock Market Highlights: Sensex gains 333 points, Nifty rises 99 points; FMCG, PSU banks outperform
Sensex, Nifty, Share Prices Highlights: Indian equity markets ended higher on Wednesday, tracking gains across regional markets, as expectations surrounding the US Federal Reserve’s interest rate decision supported sentiment. Buying interest in banking, FMCG and automobile stocks lifted large-cap shares, while IT stocks declined.
The BSE Sensex finished 332.63 points, or 0.45 percent, higher at 74,336.45 on Wednesday. The Nifty 50 gained 99 points, or 0.43 percent, to close at 23,217.60. Large-cap stocks drove the domestic gains, with significant buying interest in banking, FMCG, and automobile sectors. Nifty FMCG increased by 1.82 percent, Nifty PSU Bank gained 1.27 percent, and Nifty Private Bank rose by 0.73 percent.
The IT sector was the worst performer, falling 1.79 percent. Pharma stocks decreased by 0.13 percent. SBI Life, HDFC Life, ITC, and Trent were among the top gainers in the Nifty. Hero Motors IPO saw a subscription of 1.18 times on the first day of bidding, with retail investors leading at 1.96 times. The qualified institutional buyers portion was subscribed 0.01 times.
The German Ambassador to India, H.E. Dr. Jasper Wieck, and other officials paid a courtesy visit to BSE, discussing the Indian capital market ecosystem and potential areas of mutual interest.
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