Stock Market Closing Bell
In volatile trading, the Indian stock market closed higher for the second consecutive trading session on Wednesday. The BSE Sensex rose 92 points to 66,023. Nifty closed at 19,811 with a jump of 28 points. The rise in the market from lower levels got support from the IT, Pharma, and auto sectors.
There were a lot of ups and downs in the stock market trading throughout the day on Wednesday. On Wednesday, shares of BPCL, Cipla, NTPC, and Power Grid were among the top gainers in the stock market, while shares of IndusInd Bank, Hindalco, Kotak Bank, and Adani Ports were among the top losers. The Nifty Midcap 100 closed with slight gains while the BSE Small Cap closed with slight weakness. The Nifty IT index registered a gain of 0.72 percent, while Nifty Bank closed with a decline of 0.52 percent.
Reason for market boom
Let us tell you that the market got support from the rise in the shares of Reliance Industries, ITC, and Infosys, which have a large stake in the index. Besides, buying in IT and pharma stocks due to the softening of inflation data in America also boosted the domestic stock market.