HomeMarketsIndian MarketsSensex rises over 400 Points, Nifty trades above 17,150

Sensex rises over 400 Points, Nifty trades above 17,150

The Sensex and Nifty crept higher on Wednesday, snapping a four-day losing run, after a 6.4 percent drop in February inflation.

The S&P BSE Sensex was up 417 points at 58,317 at 9:35 a.m. The NSE Nifty50, on the other hand, was trading at 17,181, up 138 points.

Asian Paints, Titan, Maruti, L&T, Tata Steel, and IndusInd Bank were among the early gainers on the 30-share Sensex. Just two companies, HUL and Airtel, were trading in the red.

Individual stocks climbed more than 1% after credit rating agency CRISIL confirmed the bank’s financial circumstances as “stable.” Meanwhile, shares of NBCC (India) rose more than 3% after the company received a Rs 500 crore work order to build the Government Medical College and Hospital in Karaikal, Puducherry.

The Nifty Midcap 100 and Nifty Smallcap 100 indexes rose up to 1% in the wider markets.

Meanwhile, the India VIX volatility index fell by more than 6%.

All sectors swam in a sea of green, with the Nifty Media and Nifty Metal indexes both climbing more than 1%.

The S&P BSE Sensex concluded the previous session on Tuesday at 57,900, down 338 points. The NSE Nifty50, on the other hand, finished with a 111-point fall at 17,043.

Aryan Jakhar
Aryan Jakhar
Aryan Jakhar is an Indian Journalist with over two years of active working experience. Aryan is currently working as editor-in-chief at BusinessHeadline.in and he is reachable on contact@businessheadline.in
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