The key benchmark indices paired some intraday gains in Wednesday’s volatile session of trade, closing higher for the sixth straight session. The BSE Sensex settling the day at 28,864, up 103 points, while the broader Nifty50 ended at 8,926, up 19 points. The broader market BSE Midcap & BSE Smallcap indices shed 0.6% each. The market breadth, showing the overall health of the market, turned negative from positive in afternoon trade.
On the BSE, 1753 shares fell and 1,088 shares rose. A total of 192 shares were unchanged. There were 551 advancing stocks, 1091 declining stocks and 271 unchanged stocks on NSE, reflecting the strong negative undertone in the market.
A surge in index heavyweight Reliance Industries (RIL) contributed to a large extent, 11.24% to Rs. 1,210.55. Most IT stocks declined. Indian stocks gained for fifth day in a row today, 22 Feb 2017.
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