Sensex Rises 150 Points, Nifty Above 24,100; TCS, HCL Tech Gain 2% Each

Sensex Today: Equity benchmark indices, BSE Sensex and NSE Nifty50, ended in the green on Wednesday. The Sensex added 149.85 points, or 0.19 per cent, to close at 79,105.88, while the Nifty50 advanced 4.75 points, or 0.02 per cent, to 24,143.75.

However, 26 out of 50 constituents of the Nifty50 index ended lower, dragged down by Divi’s Labs, Hero MotoCorp, Coal India, UltraTech Cement, and Dr Reddy’s Labs with a fall of up to 4.03 per cent.

The stock market will be closed for trading tomorrow, August 15, due to the Independence Day holiday.

Global Cues

Overnight, the US market ended with strong gains, with Dow Jones up 1 per cent, and NASDAQ up 2.4 per cent, after PPI (Producer Price Index) inflation rose only 0.1 per cent on a monthly basis in July, compared with the 0.2 per cent rise expected; thus triggering a dip in bond yields and fueling expectations of a September rate cut.

Closer home in Asia, Nikkei, Kospi and Taiwan rallied over 1 per cent each, while Hang Seng added 0.2 per cent.