Nifty reclaims 15,000 after 3-day gap, Sensex tops 50,700; RIL, HDFC top contributors

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Domestic equity market benchmarks BSE Sensex and Nifty were trading over half a per cent higher on Wednesday. BSE Sensex was trading around 50,650, while the broader Nifty 50 index was ruling above 15,000. Index heavyweights such as State Bank of India (SBI), Power Grid Corporation of India, Housing Development Finance Corporation (HDFC), Axis Bank and ONGC were among top BSE Sensex gainers. Bajaj-Auto was the top index loser, followed by Maruti Suzuki, HCL Tech, Mahindra and Mahindra, TCS and Tech Mahindra. Barring Nifty Auto and Nifty Pharma indices, all the sectoral indices were trading in the green. The Nifty Metal index surged over 2.5 per cent. Nifty Midcap 100 index hit a record high of 24,384.35 in Wednesday’s strong trade. Similarly, Nifty SmallCap 100 index surged nearly one per cent to scale a fresh 52-week high of 8,423.40.

MTAR Technologies raised Rs 179 crore from anchor investors. MTAR Tech issue has opened for subscription on Wednesday. A total of 31.11 lakh shares have been allocated to 15 anchor investors at Rs 575 apiece, which is the upper end of the price band. At this price, the company amassed Rs 179 crore, according to a circular uploaded on the BSE website.

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