Finance
Today’s Stock Market News | Sensex, Nifty, and Stock Prices Highlights: Domestic indices finished the day in the green on Wednesday. The NSE Nifty 50 gained 44.40 points, or 0.26%, to 17,151.90, while the BSE Sensex gained 139.91 points, or 0.24%, to 58,214.59.
The Bank Nifty gained 104.35 points, or 0.26%, to 39,999.05. HDFC Life, Bajaj Finance, Bajaj Finserv, Sun Pharma, and Tata Consumer were the top gainers on the Nifty 50, while BPCL, NTPC, Coal India, Adani Ports, and Adani Enterprises were the top losers.
Nifty and Sensex surged in morning trade on Wednesday but pared some gains while holding crucial levels as investors awaited US Federal Reserve’s interest rate decision. The NSE Nifty 50 surged 100 pts or 0.6%, hitting an intraday high of 17,207.25; BSE Sensex climbed 350 pts to a day’s high of 58,418.78 and Bank Nifty rose 0.5% to 40,085.60. US Federal Open Market Committee (FOMC) will announce their decision today, late evening. Analysts attribute today’s rise to additional funding and buy-out measures by the US and European governments to calm down investors, giving hints that the banking crisis may have come under control.
US market concludes in green
The US market ended the overnight session in positive territory with Dow Jones Industrial Average rising 0.98%, S&P 500 climbing 1.30% and the tech-heavy Nasdaq advancing 1.58%.
Asian markets trade higher
Asian markets were trading in green with China’s Shanghai Composite index rising 0.53%, Hong Kong’s Hang Seng climbing 2.26%, South Korea’s KOSPI advanced 1.09% and Japan’s Nikkei 225 surged 1.93%.
Source:FE
