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Indian benchmark indices close on a positive note on Wednesday

Indian benchmark indices close on a positive note on Wednesday

India Blooms News Service | | 30 Mar 2016, 04:33 pm
Mumbai, Mar 30 (IBNS) The Indian market recovered from its two-day losing streak on Wednesday with the Sensex up 438.12 points to 25338.58 and Nifty up 138.20 points to 7735.20, largely due to positive global cues and a rally in banking and metal stocks.

At close of market on Wednesday, some of the top gainers were ICICI Bank, Tata Motors, Lupin, SBI, Tata Steel and Hindalco Industries while Bharti Aiirtel, M&M and HDFC figured among the losers.

According to reports, investors are awaiting for the Reserve Bank of India's (RBI) monetary policy review due on April 5; the market is hoping for a 25 basis-point cut in interest rates.

The fact that US Federal Reserve chief, Janet Yellen, on Tuesday, called for caution when raising US interest rates, also boosted sentiments in the Indian market.

 

Image: Wikimedia Commons

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