Stock Tips: Nifty up 30.90 pts led by gains in bank stocks; Sensex rose 139 pts

The Sensitive Index of BSE (Sensex) reclaimed the crucial 33,000 level on Wednesday’s closing after rising 139 pts amid mixed global cues prior to the US Federal Reserve’s policy meet outcome. Incessant capital inflows by foreign funds and covering-up of short positions by speculators are stated to be the key influence that led the market today.

The BSE Sensex hit a high of 33,354.93, before closing at 33,136.18, up 139.42 points. The rise in Sensex was steered by a sustained up-move in shares of Airtel, Reliance Industries Ltd, Larsen and Toubro, HDFC twins and Infosys.

The NSE Nifty in the afternoon hours mounted at 10,227.30 intra-day, but come down to finish at 10,155.25, up by 30.90 points, or 0.31%.

Bharti Airtel was the major gainers on Sensex and Nifty on Wednesday. The stock of  Bharti Airtel rose 4.39% on BSE  and 4.32% on NSE.

Nifty PSU Bank index which was gaining over 2.50% in the morning hours, finished in the red on closing. Metal stocks also plunged in the same way with Tata Steel which was the top gainers early on, closed with losses at 2% as the Trump admin decided to slap an anti-dumping duty on steel.

Other shares which also advanced on NSE include Bajaj Finance, NTPC, India bulls, Bharat Petroleum Corp, whereas Tata Steel, Bosoch, Hero Motor Corp, Eicher Motors were losing sheen on NSE.

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