The Indian equity market ended with smart gains reversing all their early losses on Wednesday as the global rout seems to have taken a pause. Stock markets all around the globe saw some bounce back with the US and select Asian stocks ending in the green. The European markets are on the verge of breaking a three-day losing streak.
The NSE Nifty closed convincingly above the 200 DMA and also the 6000 mark. Today’s recovery was led by the interest rate sensitives like the Auto and Realty. Among the other gainers were Metals, Power and select telecom stocks . Even the mid-cap and the small-cap stocks participated in the pull back.
Finally, BSE Sensex closed at 20,261 up 49 points, while NSE Nifty closed at 6,023 up 22 points over the previous close.
The NSE Nifty closed convincingly above the 200 DMA and also the 6000 mark. Today’s recovery was led by the interest rate sensitives like the Auto and Realty. Among the other gainers were Metals, Power and select telecom stocks . Even the mid-cap and the small-cap stocks participated in the pull back.
Finally, BSE Sensex closed at 20,261 up 49 points, while NSE Nifty closed at 6,023 up 22 points over the previous close.
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