Equity benchmarks indices as well as broader markets gained for the fourth consecutive session on Wednesday with the Nifty closed above 8200. The BSE Sensex surged 258 points to 26652 and the NSE Nifty jumped 82.35 points To 8224 ahead of Q2 GDP data due later today. Shareholders are gradually showing interest in equities with a bottom up approach.
All BSE Sectors are closed with positive leads. The BSE Mid-cap closed at 12498 and Small-cap indices closed at 12329, both indices ending up with 1%. Overall 1765 shares have advanced, 831 shares have declined and 203 shares are unchanged on the BSE. The Indian Rupee closed higher by 0.27 paise at 68.38 per Dollar.
On the global front, most Asian market closed in green and marginally up. However, The Shanghai Composite index slipped 0.99%. In Europe, the FTSE 100 was up 0.35%. CAC 40 and DAX was up 0.36% and 0.24% respectively, where all indices were trading in green while, the US Nasdaq was also up 0.21%.
At the close of day, ICICI Bank, Maruti Suzuki, Ambuja Cement, Yes Bank, Ultra Cement were the Top Gainers while Idea, Lupin, GAIL, Reliance, Zee Entertainment, Cipla, Tata Motors were among the Top Losers on NSE.
Thursday’s session is going to be a decisive one for the share markets. Markets will first react to the GDP data and outcome of the OPEC meeting in early trades tomorrow. Besides, data of auto sales will also start running in, Jayant Manglik of Religare Securities says.