Mumbai — Indian benchmark stock indices ended sharply higher Wednesday, supported by strong buying in information technology, banking, financial services and real estate shares.
The Sensex rose 790.54 points, or 1.04 percent, to close at 76,991.22, while the Nifty gained 197.55 points, or 0.83 percent, to settle at 24,021.65.
Analysts said the 24,100 level remains the Nifty’s immediate resistance zone.
“A sustained breakout above this level would reinforce bullish momentum and could pave the way for a move towards the 24,200 level, followed by the 24,400 region, which remains the next significant upside target,” an analyst stated.
“On the downside, the 24,000 psychological mark now serves as an immediate support level, followed by the 23,900–23,800 support zone,” an analyst mentioned.
Market sentiment remained positive throughout the session as investors accumulated shares in major sectors, particularly IT and financial services.
InterGlobe Aviation, Adani Enterprises and Trent were among the top-performing Nifty stocks, attracting strong buying interest during the session.
The broader market also closed higher, although gains were relatively modest. The Nifty MidCap index rose 0.10 percent, while the Nifty SmallCap index gained 0.39 percent.
The Nifty IT and Nifty Realty indices outperformed the broader market, each rising more than 2 percent. The Nifty Bank and Nifty Private Bank indices also posted solid gains.
The Nifty Auto and Nifty Metal indices ended lower amid profit-taking and weaker investor interest, making them the session’s worst-performing sectors.
Analysts said gains in IT, banking and real estate stocks offset weakness in other sectors and helped the benchmark indices close significantly higher. (Source: IANS)
