Markets ended session with gains led by broader markets

6 Dec 2023 , 03:42 PM

Domestic equity indices closed their session on Wednesday with gains after hitting fresh highs through the day. BSE Sensex closed 358 points higher. NSE Nifty ended with a gain of 83 points.

In today’s session, benchmark indices climbed to new peaks, driven by the gains in blue chip stocks aided by strong institutional fund flows.

On the sectoral front, Nifty IT, FMCG, and Media stocks ended with an uptick of over 1%. On the other hand, Nifty Bank and Financial Services stocks closed in negative territory despite a positive momentum in the overall market.

The BSE midcap index and the smallcap index both rose 0.21 percent in the wider market.

According to analysts, foreign institutional investors have reversed their selling approach and have been steady purchasers over the previous seven days. According to them, this trend reflects institutional trust in the Indian market.

IT giants Wipro and LTIMindtree occupied the top positions on the gainers’ chart. ITC, Larsen & Toubro, and TCS closed as the other gainers. Adani Enterprises, Eicher Motors, Cipla, NTPC, and Axis Bank emerged as the top losers in today’s session.

A total of 217 stocks touched new 52-week highs, and 10 stocks plunged to new 52-week lows.