The Indian equity market fluctuated between gains and losses and closed higher on Wednesday. The domestic market snapped a two-day losing streak. Basic Materials, consumer durables, utilities, banking, power, industrial and telecom stocks led from the front, while IT, energy and teck stocks were among the major loser.
On the economic front, India's wholesale-price index (WPI) rose 3.74% in August, quicker than the 3.55% increase in July. IIP fell 2.4% in July 2016 over the same month last year. Industrial production expanded 2.1% in June 2016 over the year-ago month, while consumer price index (CPI) for August 2016 slowed to 5.05%.
Among the 50-stocks of Nifty, Bank of Baroda, Yes Bank, Tata Motors DVR, UltraTech Cement, Axis Bank, SBI and Tata Motors were among the gainers on NSE, whereas Bosch, Coal India, ONGC, TCS, Sun Pharmaceuticals, Kotak Mahindra Bank and Eicher Motors were among the losers today.
Finally, the BSE Sensex ended with a gain of 19 points at 28,372. The BSE Sensex opened at 28,345 touched an intra-day high of 28,416 and low of 28,259.
The NSE Nifty closed with a gain of 11 points at 8,727. The NSE Nifty opened at 8,711 hitting a high of 8,740 and low of 8,689.
The India VIX (Volatility) index was down 3.13% at 14.7625.
Out of 1,474 stocks traded on the NSE, 439 declined and 982 advanced today.In the broader markets, BSE Midcap and Smallcap indices each ended over 1%.
The rupee was trading up 2 paise at 66.90 per US dollar.
On the economic front, India's wholesale-price index (WPI) rose 3.74% in August, quicker than the 3.55% increase in July. IIP fell 2.4% in July 2016 over the same month last year. Industrial production expanded 2.1% in June 2016 over the year-ago month, while consumer price index (CPI) for August 2016 slowed to 5.05%.
Among the 50-stocks of Nifty, Bank of Baroda, Yes Bank, Tata Motors DVR, UltraTech Cement, Axis Bank, SBI and Tata Motors were among the gainers on NSE, whereas Bosch, Coal India, ONGC, TCS, Sun Pharmaceuticals, Kotak Mahindra Bank and Eicher Motors were among the losers today.
Finally, the BSE Sensex ended with a gain of 19 points at 28,372. The BSE Sensex opened at 28,345 touched an intra-day high of 28,416 and low of 28,259.
The NSE Nifty closed with a gain of 11 points at 8,727. The NSE Nifty opened at 8,711 hitting a high of 8,740 and low of 8,689.
The India VIX (Volatility) index was down 3.13% at 14.7625.
Out of 1,474 stocks traded on the NSE, 439 declined and 982 advanced today.In the broader markets, BSE Midcap and Smallcap indices each ended over 1%.
The rupee was trading up 2 paise at 66.90 per US dollar.
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