Benchmark indices NSE Nifty closed at 9407.30 up by 90 points, whereas BSE Sensex closed higher by 314 points at 30,258 on Wednesday.
Telecom companies such as Idea Cellular and Bharti Airtel rose to higher levels in trade. Bharti Airtel was the top index gainer rising 8%. Nifty bank underperforms in today’s trading session as PSU banks trade under pressure.
BSE Mid-cap index closed higher by 0.87% at 14,853. BSE Small-cap index closed higher by 0.75% at 15,561. India VIX closed lower by 0.6% at 11.04 levels.
Among the companies which announced their financial results today were 8K Miles Software, Zee Entertainment, Hero Motocorp, Capital First and Siemens.
Bharti Airtel, an Indian global telecommunications services, on Wednesday’s trading session rose 10% on the NSE despite the telecom major posted a 69% drop in profit for the January-March quarter, which it announced on Tuesday, as newcomer Reliance Jio had launched a price war putting pressure on its earnings.
Bharti Airtel hit a high of Rs 380.05 per share and a low of Rs 336.95 during Wednesday’s trading session. It closed at Rs 373 per share, up by 7.96% on the BSE.
Mumbai-headquartered, Marksans Pharma in its filing to the exchanges said that the company’s Goa plant has been approved by UK Medicines and Healthcare Products Regulatory Agency (UK MHRA) and can start supplying all drugs to the UK.
The plant was inspected between February 14-17. The stock soon after the announcement rallied 16.6% on the NSE. The stock closed at Rs 54.30 per share, up by 12.77% on the BSE.
The shares of Hindustan Unilever Limited (HUL), an Indian consumer goods company based in Mumbai on Wednesday’s trade rallied as much as 5% on the bourses, scaling new record highs after a global brokerage firm upgraded shares of parent company Unilever PL. The stock closed at Rs 993.20 per share, up by 4.32% on the BSE.
Jubilant Industries on Wednesday put up a stellar performance as the stock of the company rallied 13.5% on the NSE. The stock hit an intraday high of Rs 326.95 per share and an intraday low of Rs 292.30 per share. The stock closed at Rs 311 per share, up by 8% on the BSE.
Movers and Shakers of the day:
Mirza International closed higher by 14.46% at Rs 133.35 per share.
Marksans Pharma closed higher by 12.77% at Rs 54.30 per share.
ABB India closed higher by 5.02% at Rs 1615.05 per share.
Adani Enterprises closed higher by 4.61% at Rs 123.65 per share.
