Equity benchmarks snapped two-day losing streak and gained strength on Wednesday after Q3 GDP data surprised economists, backed by banking & financials, FMCG, metals and pharma stocks. Global cues, too, were positive after investors digested US President Donald Trump's address to Congress. The Sensex rallied 241.17 points to 28984.49 and the Nifty rose 66.20 points to 8945.80.
In Broader markets performed in-line with the major indices in the markets. The BSE Small Cap gained 62 points at 13752 while The BSE Mid-Cap hiked 17 points at 13569. Nifty Metal index, Nifty Mid-cap index and Nifty Small-cap index touched their record highs in Wednesday’s trading session. In Commodity market, Gold lost 178 points to 29,388 while Silver closed up 37 points at 43,284.
Experts expect the rally to continue in current month, though there may be intermittent consolidation.
Movers and Shakers of the Day:
Small-cap stocks, Neuland Labratories closed at Rs 1,100 per share, up by Rs 183 per share or 20%.
Tata Teleservices (Maharashtra) closed at Rs 9 per share, up by Rs 1 per share or 19%.
