Sensex climbs to 58,683.99 points, Nifty settles near 17,500 points
What's the story
The benchmark Sensex and Nifty indices on Wednesday saw gains, marking a 3-day winning streak. While the Sensex rose 1.28% to 58,683.99 points, the Nifty jumped 0.99% to 17,498.25 points. Also, the midcap indices showed positive signals with the Nifty Midcap 50 gaining 87.15 points, or 1.07%, to close at 8,132.1 points. Read on for more details on Wednesday's market report.
Round-up
Who were the biggest gainers on Wednesday?
As far as the top sector gainers are concerned, NIFTY MEDIA, NIFTY FIN SERVICE, and NIFTY REALTY topped the list, edging up 2.23%, 1.92%, and 1.5%, respectively. Meanwhile, the top stock gainers were Bajaj Finserv, HDFC Life and TATA Consumer Products, which climbed 3.8%, 3.69%, and 3.05%, respectively. ONGC, Hindalco, and JSW Steel lead the negative pack, plummeting 5.26%, 4.99%, and 4.82%, respectively.
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Take a look at the global markets
On Wednesday, the Asian markets traded in the red with the Shanghai Composite Index, the Hang Seng Index, and the Nikkei plunging 1.96%, 1.39%, and 0.8% to 3,266.6 points, 22,232.03 points, and 28,027.25 points, respectively.
Commodities
INR climbs by 0.09% against the US Dollar
On Wednesday, the Indian rupee (INR) edged up 0.09% to Rs. 75.91 versus the US Dollar in the forex trade. Meanwhile, both gold and silver futures witnessed a rise. The price of gold futures rose 0.58% to Rs. 51,110, while that of silver futures climbed 0.57% to Rs. 67,326. The crude oil futures edged up by $2.11 or 2.02% to $106.31 per barrel.
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Fuel prices in Delhi and Mumbai see an uptick
In Delhi, fuel prices witnessed a hike with the diesel price rising by 0.86% to Rs. 92.31/liter and the petrol rate soared 0.79% to Rs. 101.05/liter. In Mumbai, the diesel rate climbed to Rs. 100.08/liter and petrol saw a Rs. 0.84 rise to Rs. 115.86/liter.