The Indian equity market ended with smart gains on Wednesday tracking positive vibes from the US and the Asian markets. New Fed chairperson Janet Yellen brought cheer not only in US but also to stock markets across the globe. Yellen said the central bank plans to continue easing its stimulus program, adding it would take a notable change in economic data for the Fed to change its plans.
After struggling for past seven trading sessions, the NSE Nifty finally pierced the 6100 mark however it was unable to sustain above the crucial level as investors preferred to take some profit off the table ahead of the Industrial Production for December and CPI for Combined, Rural, and Urban for January to be released later in the day.
The Banking and the capital goods stocks were in momentum along with the oil and gas and select telecom stocks. However, on the other hand, the FMCG and the pharma stocks were under pressure.
Finally, the BSE Sensex closed at 20449 up 85 points while the NSE Nifty ended higher by 21 points to close at 6084 as compared with the previous closing.
After struggling for past seven trading sessions, the NSE Nifty finally pierced the 6100 mark however it was unable to sustain above the crucial level as investors preferred to take some profit off the table ahead of the Industrial Production for December and CPI for Combined, Rural, and Urban for January to be released later in the day.
The Banking and the capital goods stocks were in momentum along with the oil and gas and select telecom stocks. However, on the other hand, the FMCG and the pharma stocks were under pressure.
Finally, the BSE Sensex closed at 20449 up 85 points while the NSE Nifty ended higher by 21 points to close at 6084 as compared with the previous closing.
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