April 20, 2024 15:56 (IST)
Reliance boosts market on Wednesday but IT stocks cap the gain
Mumbai, Feb 22 (IBNS): The Indian market ended Wednesday on a mixed note, with BSE Sensex up 103.12 points at 28864.71 and NSE Nifty up 19.05 points at 8926.90 but the market breadth was negative, with nearly 1763 shares declining and 1088 shares advancing on the BSE.
Reliance, which posted its biggest single day gain since May 19, 2009, jumped 11 percent to close over Rs 1200-mark, which boosted the market.
But IT and HDFC Group stocks capped the gains.
Some of the key stocks that gained on Wednesday were Axis Bank, Coal India and Asian Paints while TCS, Infosys, HDFC and HDFC Bank declined.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Elon Musk postpones upcoming visit to India: Reports Sat, Apr 20 2024
India's forex reserves contract by $5.4 billion to $643.16 billion Sat, Apr 20 2024
Ola Cabs IPO likely on the cards to raise $500 million: Report Fri, Apr 19 2024
Wipro's headcount drops 9.5% to 2,34,054 in FY24 Fri, Apr 19 2024
Wipro Q4FY24: Net profit drops 8% YoY to Rs 2,835 cr Fri, Apr 19 2024
Jio Financial Services Q4FY24 net profit at Rs 310 cr; NII Rs 280 cr Fri, Apr 19 2024
Sensex jumps up 599 points ending losing streak for several sessions Fri, Apr 19 2024