The domestic stock exchange ended on a strong note due to value buying at lower levels amidst positive international hints.
The United States markets had a company closing overnight, and Asian and European markets shrugged off coronavirus issues, and the positive sentiment resulted in rebound on Dalal Street after a restorative phase that lasted all of three days.
The BSE Sensex ended the session at 52,837.21, greater by 638.70 points or 1.22 per cent and NSE Nifty was at 15,824.05, up 191.95 points or 1.23 per cent.The broader markets likewise had a great session, with the BSE Midcap index and BSE Smallcap index getting 1.5 percent each.All the sectoral indices ended in the green, with the exception of the FMCG area.
The FMCG area was dragged by weak point on the Hindustan Unilever counter publish its June quarter results.The rupee ended higher by 15 paise at 74.46 per dollar amidst purchasing in the domestic equity markets.
It opened 18 paise greater at 74.43 per dollar against Tuesday's close of 74.61.
In corporate news, Hindustan Unilever - the country's leading fast-moving durable goods maker - reported a net earnings of Rs 2,061 crore in the April-June quarter, a development of 9.5 per cent compared to Rs 1,881 crore in the exact same quarter last year.
The shares of Hindustan Unilever, nevertheless, ended lower by 2.3 per cent at Rs 2,379 on the BSE.The day belonged to monetary and metal stocks, with Tech Mahindra, Bajaj Finance, Bajaj Finserv and Infosys getting 2-5 per cent each on the BSE.
Bharti Airtel, Tata Steel and L-T were the other substantial gainers on the BSE.On the other hand, Hindustan Unilever, Asian Paints, Bajaj Car and M-M lost as much as a per cent each on the BSE.The BSE market breadth was strong.
Out of 3,387 stocks traded on the BSE, there were 2,184 advancing stocks as against 1,065 declines.