Even though global signs were mixed and monthly futures were about to expire, the markets opened higher on Wednesday.The BSE benchmark Sensex rose 160.52 points, or 0.28 percent, to begin at 57,774.24, while the NSE’s Nifty50 rose 39.40 points, or 0.23 percent, to 16,991.10.
Broader markets continued the gain, with the Nifty 100 up 0.32 percent and the Nifty 200 up 0.31 percent. The Nifty 500 increased by 0.28 percent, while the Nifty Midcap 50 increased by 0.27 percent. Likewise, the notoriously volatile India Vix opened down 2.68 percent.
Today, the auto sector increased by 0.65%, and Nifty Financial Services followed with a 0.57 percent increase.At the open today, the Nifty FMCG, Nifty Metal, and Nifty Private Bank all rose 0.36 percent. IT stocks increased by 0.32 percent.
At the outset, PSU Bank was down 0.06 percent, while oil and gasoline stocks were down 0.23 percent.
Mahindra & Mahindra rose 1.08 percent today, Baja Finance gained 1%, and Eicher Motors gained 0.97 percent.Bajaj Auto gained 0.96 percent, while Adani Ports gained 0.94 percent. Today’s biggest gainers were Hindustan Unilever, ITC, Tata Motors, and HCL Technologies.
Adani Enterprises is up 1.14 percent today, while Adani Power is up 1.26 percent. This followed the poor performance of Adani Group equities on Tuesday, when media reports stated that the conglomerate had failed to repay debt against promoters’ shares. The report’s assertions were denied by Adani Group CFO Jugeshinder Robbie Singh.
Vedanta rose 0.15 percent as the firm declared its sixth interim dividend of Rs 20.50 per share for fiscal year 2023.
Today, Reliance Industries fell 0.92 percent. At the open, IndusInd Bank, Tata Steel, Infosys, the State Bank of India, NTPC, and Axis Bank were among the losers.