Sensex regains 1,040 points, Nifty reaches close to 17,000 mark
What's the story
The markets on March 16 witnessed a bullish trend as Indian equity benchmarks rebounded thanks to gains across all sectors. While the Sensex jumped 1.86% to 56,817 points, the Nifty rose 1.87% to end at 16,975 points. Meanwhile, the midcap indices showed bullish signals with the Nifty Midcap 50 rising 1.99% to 7,897.1 points. Read on for more details on Wednesday's market report.
Round-up
Who were the biggest gainers and losers?
As far as top sector gainers are concerned, NIFTY REALTY, NIFTY METAL, and NIFTY COMMODITIES topped the list, edging up 3.51%, 2.57%, and 2.41%, respectively. The biggest stock gainers were UltraTech Cement, Shree Cements, and Axis Bank, which climbed 4.78%, 3.51%, and 3.44%, respectively. Meanwhile, Cipla, Sun Pharma, and Tata Consumer Product were the biggest losers on Wednesday, shedding 1.08%, 0.27%, and 0.13%, respectively.
Commodities
Silver fell by 0.52% to close at Rs. 67,970
The Indian rupee (INR) on Wednesday strengthened 0.44% to settle at Rs. 76.27 against the US Dollar in the forex trade. On the other hand, the gold futures witnessed little movement, ending flat at Rs. 51,506 while the silver futures tumbled 0.52% to Rs. 67,970. The crude oil futures were trading flat to settle at $97.01 per barrel.
Information
Here is a look at the global markets
Asian markets witnessed mixed trading. While Hang Seng and Nikkei slipped to 20,087.5 points and 25,762.01 points, respectively, the Shanghai Composite Index soared 1.64% to 3,170.71 points. Meanwhile, in the US, NASDAQ ended on a strong note, surging 367.4 points or 2.92% to 12,948.62.
No uptick
Fuel prices in New Delhi and Mumbai remain unchanged
Fuel prices in New Delhi remained the same on Wednesday with diesel and petrol priced at Rs. 86.71 per liter and Rs. 95.45 per liter, respectively. Mumbai also did not see any changes in fuel prices. While diesel bore a price-tag of Rs. 94.13 per liter, the price of petrol was fixed at Rs. 109.96 per liter.