Mumbai. Amid positive signals from abroad, domestic stock markets rose for the second consecutive day on Wednesday and BSE Sensex rose 1,205 points (1.63 percent) to reach 75,273.45. The Nifty-50 index of the National Stock Exchange closed at 23,306.45, up 394.05 points or 1.72 percent. Even on the previous trading day, both the major indices had risen around 1.8 percent.
The stock markets have returned on the hope of peace talks regarding Iran war in West Asia. Investors showed more confidence in medium and small companies. Nifty Midcap-50 index closed up 2.07 percent and Smallcap-100 index closed up 2.59 percent. Indices of consumer durables, auto, finance, banking, metals, pharma, realty, health and chemicals groups rose more than two per cent.
There was also a rise in oil and gas, media and IT groups. Among Sensex companies, shares of UltraTech Cement were up by about four and a half percent. Shares of Bajaj Finance, L&T, Titan, Indigo, Trent, Mahindra & Mahindra and Tata Steel rose three to four percent. Shares of State Bank of India, Sun Pharma, Axis Bank, Hindustan Unilever, Bajaj Finserv, Adani Ports, Asian Paints and HDFC Bank were up.
Eternal, Bharti Airtel, Maruti Suzuki, ITC and Kotak Mahindra Bank rose by one to two percent. Shares of NTPC, HCL Technologies and ICICI Bank also closed higher. There was a decline of one and a half percent in Tech Mahindra and more than one and a quarter percent in Power Grid. TCS shares also closed down.
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