New Delhi: Domestic equity markets continued their upward momentum for the second consecutive session on Wednesday, fueled by optimism following the historic India-European Union Free Trade Agreement (FTA).
The BSE Sensex surged 487.20 points, or 0.60%, to close at 82,344.68, having touched an intra-day high of 82,503.97 points. Meanwhile, the NSE Nifty gained 167.35 points, or 0.66%, ending the session at 25,342.75.
Sectoral Highlights and Stock Movers
Among Sensex constituents, Bharat Electronics Ltd. (BEL) rallied nearly 9% after its December quarter results. Other gainers included Eternal, Bajaj Finance, Power Grid, Trent, Mahindra & Mahindra, and UltraTech Cement. In contrast, Asian Paints fell over 4%, while Maruti Suzuki, Sun Pharma, Infosys, and Bharti Airtel ended the day in the red.
Stocks Showing Strong Buying Momentum
Analysts noted robust buying activity in Tejas Networks, Data Patterns (India), Hindustan Copper, Olectra Greentech, Schneider, BEML, and Syrma SGS Technology. These stocks have breached their 52-week highs, indicating bullish sentiment.
Stocks Showing Weakness
Conversely, the MACD (Moving Average Convergence Divergence) indicator signaled bearish trends in Radico Khaitan, Home First Finance Company India, Tata Consumer, Asian Paints, Vishal Mega Mart, Aegis Vopak Terminal, and Berger Paints, suggesting a potential decline in these counters.
Disclaimer: The stock suggestions mentioned above reflect the views of individual analysts or brokerage firms and not of Navbharat Times. Investors are advised to consult certified financial experts before making any investment decisions, as market conditions can change rapidly.
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