Market on Wednesday | Sensex gains 313 pts, Nifty above 25,300
Indian equity market ended higher for the second consecutive session on September 17 with Nifty comfortably closing above 25,300 amid buying seen in the auto, PSU bank, IT, oil & gas names. Hopes of renewed India-US trade talks and expectation of Fed rate cut tonight also added fuel to the rally.
At close, the Sensex was up 313.02 points or 0.38 percent at 82,693.71, and the Nifty was up 91.15 points or 0.36 percent at 25,330.25.
Broader indices extended the winning run on ninth consecutive session with Nifty Midcap index ending marginally higher and smallcap index added 0.68%.
Tata Consumer, SBI, BEL, Kotak Mahindra Bank, Maruti Suzuki were among top gainers on the Nifty, while losers included HDFC Life, Tata Steel, Bajaj Finserv, Titan Company, SBI Life Insurance.
Among sectors, FMCG, consumer durables, telecom, metal ended lower while auto, PSU bank, IT, oil & gas rose between 0.5-2.6%.