The Intraday market fell marginally Wednesday on account of
profit booking but the outperformance of broader indices continued with the BSE
Midcap and Smallcap indices gaining close to 2 percent. The BSE Sensex declined
52.76 points to close at 24805.83 while the NSE Nifty held 7400-mark for the
second consecutive session, down 13.60 points to 7402.25.
India’s largest software services exporter TCS
slipped 2 percent as its CEO Natarajan Chandrasekaran sees 59.7 percent jump in
overall salary hike. According to its annual report, TCS' brand value increased
by USD 3 billion in 2014. Its rivals Infosys and Wipro were down over 0.5
percent.
However, Bank Nifty ended at record closing high today, up 0.5 percent to
15,333.40. Top lenders like State Bank of India and ICICI Bank gained 1.5
percent and 0.75 percent, respectively followed by Axis Bank with 1.7 percent.
IDBI Bank shot up 16 percent.
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