New Delhi: The BSE Sensex extended gains Wednesday tracking strength in global markets. The Nifty held on to the 5,100 mark, and the rupee stayed below the 56 mark to the dollar.
Asian stocks rallied on hopes that the Federal Reserve may announce new bond-buying plans to stimulate the U.S. economy. Japan's Nikkei index was up 0.84%, while Hong Kong's benchmark gained 0.44%. The Dow index gained 0.8% to 12,837 overnight, its highest close in a month.
Barring IT and tech, all groups of stocks traded in the green on the BSE. Consumer durables and metal stocks led the rally. Commodity stocks like JSPL (2.8%) and Sesa Goa (1.86%) were among the top Nifty gainers.
Cement stocks fell sharply Wednesday ahead of an order by India's competition watchdog in the alleged cartelisation case. Ambuja Cements (-4%) was the top Nifty loser, followed by ACC (-2.3%).
On the Nifty, 36 of the 50 stocks traded higher. The market breadth was also positive, with nearly 74% stocks rising on the BSE 500 index, indicating buying in broader markets.
(With inputs from AP)
Asian stocks rallied on hopes that the Federal Reserve may announce new bond-buying plans to stimulate the U.S. economy. Japan's Nikkei index was up 0.84%, while Hong Kong's benchmark gained 0.44%. The Dow index gained 0.8% to 12,837 overnight, its highest close in a month.
Barring IT and tech, all groups of stocks traded in the green on the BSE. Consumer durables and metal stocks led the rally. Commodity stocks like JSPL (2.8%) and Sesa Goa (1.86%) were among the top Nifty gainers.
Cement stocks fell sharply Wednesday ahead of an order by India's competition watchdog in the alleged cartelisation case. Ambuja Cements (-4%) was the top Nifty loser, followed by ACC (-2.3%).
On the Nifty, 36 of the 50 stocks traded higher. The market breadth was also positive, with nearly 74% stocks rising on the BSE 500 index, indicating buying in broader markets.
(With inputs from AP)
