Markets extend winning run to 4th day; finance, energy stocks shine
Benchmark indices closed with gains for the fourth session on the trot on Wednesday, propped up by finance, energy and IT stocks, as investors wagered on an upbeat earnings season amid mixed global cues.
After swinging 250 points in see-saw trade, the 30-share BSE Sensex ended 92.90 points, or 0.24 per cent, higher at 38,598.99.
On similar lines, the broader NSE Nifty rose 35.70 points, or 0.31 per cent, to settle at 11,464.
A batch of strong earnings from companies like Wipro and ACC enthused trading sentiment, though the overall macroeconomic picture remains sombre, brokers said.
Top gainers in the Sensex pack included Bajaj Finance, ONGC, Yes Bank, HDFC, HCL Tech, Tech Mahindra, TCS, ICICI Bank and RIL, rising up to 3.57 per cent.
On the other hand, Hero MotoCorp, Vedanta, Asian Paints, NTPC, ITC, PowerGrid, SBI and Tata Motors fell up to 2.73 per cent.
"Though global markets remained flat, Indian markets rallied for the fourth straight day. The beginning of earnings season has ...