Mumbai, 25 June (IANS). The Indian stock market closed rapidly on Wednesday. The market saw all -round rise. At the end of the trading, the Sensex gained 700.40 points or 0.85 percent to 82,755.51 and the Nifty was up by 200.40 points to 25,244.75.
IT shares led the market boom. The Nifty IT index closed up 1.64 percent. Apart from this, auto, FMCG, Media, Realty, Infra, Pharma and Services Index were in green mark. Nifty’s private banks and PSE index closed in red mark.
Along with largecap, there was also a purchase in midcap and smallcap. The Nifty Midcap 100 index rose by 259.30 points or 0.44 percent to 58,881.70 and the Nifty Smallcap 100 index at 275.10 points or 1.49 percent to 18,277.85.
The Sensex packs were Titan, M&M, Infosys, Power Grid, Bharti Airtel, TCS, Tech Mahindra, UltraTech Cement, HCL Tech, International, Bajaj Finance, Maruti Suzuki, Trent, Tata Steel, HDFC Bank and Adani Ports Gaeners. BEL, Kotak Mahindra Bank and Axis Bank Louzers were.
Vinod Nair, Head of Research of Geojit Investments Limited, said, “Recovery in Indian equity markets has been supported by low-political stress in the Middle East and softening in crude oil prices. At the same time, FIIs continue to withdraw capital but positive global signs are helping to maintain domestic market speed. Strong dollars are helping to maintain the dollar and auto. Monsoon forecast and soft inflation are strengthening optimism. “
The Indian stock market started rapidly due to governmental signals. At around 9.25 am, the Sensex was trading at 445.6 points or 0.54 percent to 82,500.73, while the Nifty was 130.15 points or 0.52 percent to 25,174.50.
-IANS
ABS/