Indian Market: Sensex ends strong at 40,051.87
Mumbai, Oct 30 (UNI) Extending gains for the third straight session on Wednesday, the BSE Sensex advanced by 220.03 points to 40,0051.87 amid buying in select blue-chip counters such as SBI, TCS, Infosys, RIL, and ITC.
The investor's sentiment remained upbeat amid better-than-expected September quarter results for key companies and reports that dividend distribution tax (DDT) may be scrapped.
The National Stock Exchange (NSE) too rose by 57.25 points to 11,844.10.
In the broader market, the S&P BSE MidCap index ended at 14,697, up 0.65 per cent while the S&P BSE SmallCap index gained 0.36 per cent to settle at 13,431 levels.
With Tuesday's 581 points up, the Sensex gained by 224 points to open at 40,055. It spurted by 347 points to 40,178.12 day high before closing at 40,051.87 as compared to its last close.
The Nifty was registered days high and low at 11,883.95 and 11,784.45 points respectively.
The sectoral indices like FMCG, IT, Utilitie, Capital Goods, Telecom and Capital Goods kept the market firm Wednesday.
In scrips,SBI, TC, ITC, Bharti Airtel and Sun Pharma increased while Yes Bank, Maruti Suzuki, IndusInd Bank and ICICI Bank slipped during the day.
However, global market remained weak from three-month highs, as the prospect of a rate cut by the Federal Reserve was countered by worries a Sino-US first-stage trade deal could be delayed.
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