Overseas, Asian stocks are trading lower on Wednesday, with Hong Kong struggling to recover from a two-day rout
The issue received bids for 4,17,79,260 shares against 1,50,18,279 shares on offer, as per data available with the NSE
Bleeding pharma companies pulled down the market due to a weak start to sector earnings season.
Tata Steel was the top gainer in the Sensex pack, rising more than 1%, followed by IndusInd Bank, ICICI Bank, Titan, SBI and HDFC Bank
Despite pressure in the frontline indices broader markets ended in positive terrain. BSE MidCap index was up 0.06% while BSE SmallCap rose 0.34%.
Market breadth was positive as 1,503 shares advanced on the BSE, while 975 declined and 104 remained unchanged
At open, Sensex rose 117 points or 0.22% to 52,955, while the Nifty 50 advanced 31 points or 0.20% to 15,855
Ajay Tyagi said that the prevailing low-interest rates and ample liquidity availability are the major factors for the increased investors’ interest
Sensex ended 638 points or 1.22% higher at 52,837, while Nifty 50 settled at 15,824, up 191 points or 1.23%
Asian stocks traded higher after solid company earnings boosted Wall Street, easing concerns about peak economic growth and coronavirus flareups