Mumbai, 17 September (IANS). The Indian stock market closed in green mark in Wednesday’s trading session. The market saw all -round rise. At the end of the day, the Sensex rose by 313.02 points or 0.38 per cent to 82,693.71 and the Nifty was at 25,330.25 with a strength of 91.15 points or 0.36 per cent.
The market boom was led by PSU banking shares. The Nifty PSU Bank closed up 2.61 percent. Apart from this, Nifty IT (0.65 percent), Nifty Auto (0.55 percent), Nifty Realty (0.41 percent), Nifty Infra, Nifty Private Bank (0.37 percent) and Nifty PSE (0.74 percent) closed in green mark.
At the same time, Nifty Pharma (0.10 percent), Nifty FMCG (0.14 percent) and Nifty metal (0.50 percent) closed down.
The Sensex pack had SBI, BEL, Kotak Mahindra Bank, Maruti Suzuki, Trent, UltraTech Cement, Tech Mahindra, TCS, Infosys, Tata Motors, M&M, Asian Paints and Sun Pharma Top Gainers. Bajaj Finserv, Titan, ITC, Tata Steel, Power Grid, ICICI Bank, HUL and HCL were Tech Top Louquars.
The Nifty Midcap 100 index rose by 49 points or 0.08 per cent to 58,848.55 and the Nifty Smallcap closing at 18,423.20 with 124.85 points or 0.68 per cent.
Experts said that the Indian stock market closed firmly due to the trade talks between the US and India going in a positive direction. Steady Indian rupees have also strengthened the trust of investors. Investors are waiting for the decision of the US Fed at interest rates.
The decision on interest rates from the US Fed will be announced late tonight. According to experts, US Fed may cut interest rates by 0.25 percent.
The Indian stock market started in the green mark. At 9:24 in the morning, the Sensex was at 82,604 points with a strength of 223 points or 0.27 per cent and the Nifty at 25,308 with 69 points or 0.28 per cent.
-IANS
ABS/