It was another
intraday of consolidation for equity benchmarks as investors remained cautious
after Supreme Court’s verdict on coal block allocation case. August series
expiry on Thursday also caused volatility in the market. Indices fell nearly
half a percent intraday before showing recovery in late trade.
The 30-share BSE Sensex advanced 5.79 points to 26442.81 while the 50-share NSE Nifty managed to hold the 7900 level, down 1.55 points to close at 7904.75.The S&P BSE Sensex managed to close in green at 26,442.81 after losing over 120 points in intraday trade on Tuesday, supported by gains in ITCBSE 0.73 %, Sun PharmaBSE 1.35 %, HDFC, Tata SteelBSE 2.57 % and Tata Motors.
The Nifty closed above its crucial psychological level of 7,900, weighed down by losses in capital goods, power, Oil & gas and banking stocks. Tracking the momentum, the 50-share Nifty index closed above its crucial psychological level of 7,900, weighed down by losses in capital goods, power, Oil & gas and banking stocks.
The 30-share BSE Sensex advanced 5.79 points to 26442.81 while the 50-share NSE Nifty managed to hold the 7900 level, down 1.55 points to close at 7904.75.The S&P BSE Sensex managed to close in green at 26,442.81 after losing over 120 points in intraday trade on Tuesday, supported by gains in ITCBSE 0.73 %, Sun PharmaBSE 1.35 %, HDFC, Tata SteelBSE 2.57 % and Tata Motors.
The Nifty closed above its crucial psychological level of 7,900, weighed down by losses in capital goods, power, Oil & gas and banking stocks. Tracking the momentum, the 50-share Nifty index closed above its crucial psychological level of 7,900, weighed down by losses in capital goods, power, Oil & gas and banking stocks.
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