Sensex surges to 63,940 points, Nifty settles above 18,970
What's the story
The stock market had a bearish opening. However, the benchmark Sensex and Nifty indices witnessed a surge. The Sensex jumped 0.82% to 63,939.63 points, while the Nifty climbed 0.82% to 18,972.1 points. The midcap indices also showed positive signals with the Nifty Midcap 50 gaining 94.95 points, or 0.95%, to close at 10,040.05 points. Here's all you need to know about Wednesday's market report.
Round-up
Who were the biggest gainers and losers on Wednesday?
On Wednesday, NIFTY PHARMA, NIFTY METAL, and NIFTY INFRA emerged as the top-performing sectors, rising 1.44%, 1.34%, and 1.12%, respectively. Furthermore, Adani Enterprises, Adani Ports, and JSW Steel emerged as the top-performing stocks, edging up 5.58%, 5.19%, and 2.88%, respectively. Among the biggest stock losers were Tech Mahindra, HDFC Life, and Bajaj Finserv, which plunged 1.06%, 0.89%, and 0.4%, respectively.
Data
Take a peek at the global markets
In Asian markets, the Hang Seng Index and the Nikkei rose 0.12% to 19,172.05 points and 1.98% to 33,193.99 points, respectively. The Shanghai Composite Index remained flat at 3,189.38 points. In the US market, NASDAQ witnessed a decline, edging 1.01% lower to 13,492.52 points.
Commodities
INR plunged by 0.01% against the US Dollar
The Indian Rupee (INR) on Wednesday weakened against the US Dollar, plunging 0.01% to settle at Rs. 82.05. The gold futures prices largely traded flat, settling at Rs. 58,002. However, the silver futures dropped by Rs. 306, or 0.44%, to settle at Rs. 69,035. Crude oil futures ended flat at $68.58 per barrel.
Crypto
How are the popular cryptocurrencies performing today?
Bitcoin is selling at $30,304.59, which is down by 0.24% from yesterday. Ethereum is currently trading at $1,860.95, down by 0.76% in the past 24 hours. Tether, BNB, and Cardano are listed at $0.9999 (flat), $233.65 (2.02% down), and $0.2762 (1.86% down), respectively. Dogecoin is trading 1.10% lower than yesterday at $0.06446.