Mumbai: Equity benchmark indices Sensex and Nifty ended higher for the fourth consecutive session on Wednesday, helped by buying in metal and commodity stocks amid a positive trend in global equities.
However, traders said the upside remained limited due to heavy selling pressure at telecom, IT and tech counters.
The 30-share BSE Sensex closed at 73,852.94, up 114.49 points or 0.16 per cent. During the day it jumped 383.16 points or 0.51 percent to 74,121.61.
NSE Nifty rose 34.40 points or 0.15 per cent to 22,402.40.
Some selling pressure was seen on the indices towards the end of the session, wiping out some of the early gains.
JSW Steel, Tata Steel, Power Grid, Kotak Mahindra Bank UltraTech Cement, NTPC and Bajaj Finance were the major gainers on the Sensex.
Tata Consultancy Services, Tech Mahindra, Maruti, Reliance Industries and Tita were among the laggards.
Among Asian markets, Seoul, Tokyo, Shanghai and Hong Kong remained in the positive zone.
European markets were mostly trading with gains. Wall Street ended Tuesday with gains.
Global oil benchmark Brent crude fell 0.35 percent to US$88.11 per barrel.
According to exchange data, foreign institutional investors (FIIs) sold equities worth Rs 3,044.5 crore on Tuesday.
On Tuesday, the BSE benchmark closed 89.83 points or 0.12 per cent higher at 73,738.45. Parsing most of its early gains, the NSE Nifty closed 31.60 points or 0.14 per cent higher at 22,368.
However, traders said the upside remained limited due to heavy selling pressure at telecom, IT and tech counters.
The 30-share BSE Sensex closed at 73,852.94, up 114.49 points or 0.16 per cent. During the day it jumped 383.16 points or 0.51 percent to 74,121.61.
NSE Nifty rose 34.40 points or 0.15 per cent to 22,402.40.
Some selling pressure was seen on the indices towards the end of the session, wiping out some of the early gains.
JSW Steel, Tata Steel, Power Grid, Kotak Mahindra Bank UltraTech Cement, NTPC and Bajaj Finance were the major gainers on the Sensex.
Tata Consultancy Services, Tech Mahindra, Maruti, Reliance Industries and Tita were among the laggards.
Among Asian markets, Seoul, Tokyo, Shanghai and Hong Kong remained in the positive zone.
European markets were mostly trading with gains. Wall Street ended Tuesday with gains.
Global oil benchmark Brent crude fell 0.35 percent to US$88.11 per barrel.
According to exchange data, foreign institutional investors (FIIs) sold equities worth Rs 3,044.5 crore on Tuesday.
On Tuesday, the BSE benchmark closed 89.83 points or 0.12 per cent higher at 73,738.45. Parsing most of its early gains, the NSE Nifty closed 31.60 points or 0.14 per cent higher at 22,368.
