Sensex, Nifty Gain For Second Straight Session Led By IT Stocks

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The S&P BSE Sensex and NSE Nifty 50 indexes gained for second straight session on Wednesday led by gains in information technology heavyweights Infosys and Tata Consultancy Services. Heavyweights like Reliance Industries, ITC, State Bank of India and Bajaj Finance also added to the gains. The benchmarks opened higher and extended gains in noon trading on the back of a broad-based buying interest. The Sensex rose as much as 507 points to hit an intraday high of 46,513.32 and Nifty 50 index rose above important psychological level of 13,600.

The Sensex advanced 437 points to close at 46,444 and Nifty 50 index climbed 135 points to settle at 13,601.

Buying was visible across board as all the 11 sector gauges compiled by the National Stock Exchange ended higher led by the Nifty Realty index’s nearly 4 per cent gain. IT, media, auto, PSU banking, FMCG, metal and pharma indexes also rose between 1-2 per cent.

Mid- and small-cap stocks also witnessed buying interest as Nifty Midcap 100 index climbed 2.4 per cent and Nifty Smallcap 100 index advanced nearly 3 per cent.

Wipro was top Nifty gainer, the stock rose 5.7 per cent to close at ₹ 385 after the company bagged a strategic digital and IT partnership deal from METRO AG, a leading global wholesale company that is redefining the food service distribution industry. The estimated deal value for the duration of the first 5 years is about $700 million, Wipro said in a regulatory filing to the stock exchanges.

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