E-Paper
Sensex, Nifty retain, all eyes on Nirmala Sitharaman’s presser
At 2:08pm, the S&P BSE Sensex index was up 695.29 points or 2.22% at 32,066.41, and the NSE Nifty 50 was up 191.90 points or 2.09% at 9,388.45.
India’s benchmark indices erased some of the early gains but were still trading higher in the afternoon trade on Wednesday ahead of Union finance minister Nirmala Sitharaman’s press conference to share details of the Rs 20 lakh crore economic package announced by Prime Minister Narendra Modi.
Finance Minister Nirmala Sitharaman will address the media at 4pm to share details of the economic package.
At 2:08pm, the S&P BSE Sensex index was up 695.29 points or 2.22% at 32,066.41, and the NSE Nifty 50 was up 191.90 points or 2.09% at 9,388.45.
The S&P BSE Sensex went up as much as 4.70% or 1,474.36 points to touch 32,845.48 in the first few minutes, having started the session near that level. The broader Nifty climbed to as high as 9,584.50 as against its previous close of 9,196.55.
Among the 30 shares on Sensex, 26 were in the green with Axis Bank up 6.30%, ICICI Bank up at 4.95%, Ultra Cem Co 5.80% and M&M at 5.09%.
BHEL share prices surged 22% to Rs 26.30 apiece on BSE in Wednesday’s afternoon trade. BHEL hit day’s high of Rs 26.90 and low of Rs 22.15.
On Nifty, all sectors were in the green except Pharma. The gains were led by Bank of Baroda, Bandhan Bank, IDFC First Bank and among others. On Nifty Auto, M&M, Maruti and Apollo Tyres were among the gainers.
Both the benchmark indices registered two days of losses on Monday and Tuesday.
The S&P BSE Sensex closed down 190.10 points or 0.60% to end at 31,371.12 and the Nifty50 index lower 42.65 points or 0.46% at 9196.55. Buying in the second half of the trading session helped the indices to close off day’s low with Nifty just below 9,200 level.
