Sensex, Nifty zoom ahead of results by TCS, Reliance Industries

Sensex, Nifty zoom ahead of results by TCS, Reliance Industries

The wider Nifty50 of the National Stock Exchange (NSE) once again slipped below the psychologically important 10,000-mark - which was reclaimed on Tuesday - to close lower by 32.15 points, or 0.32 per cent, at 9,984.80 points. The broader NSE's Nifty also rose in the morning hours.

With this rally, investors became richer by Rs 1.46 lakh crore as market capitalisation of BSE listed firms stood at Rs 137.56 (rpt) 137.56 lakh crore. Good demand on consumer stocks on arrival of festival season and ecstasy on pharma stocks amid positive regulatory approvals fuelled the market.

Among BSE sectoral indices, realty index gained the most by 1.11 per cent, followed by healthcare 0.87 per cent, metal 0.65 per cent and IT 0.64 per cent. Index heavyweights like Reliance Industries, Tata Consultancy Services, Sun Pharma, Axis Bank and Hindustan Unilever among others aided in the upward trajectory of the indices, according to market observers. Notably, the shares of TCS gained as the Indian IT bellwether is scheduled to announce its much awaited quarterly earnings today.

The BSE Mid-cap Index is trading up 0.55% at 16,024, whereas BSE Small-cap Index is trading up 0.61% at 16,996. Both indexes ended at their highest since September 21.

This is unedited, unformatted feed from the Press Trust of India wire.