Closing Bell: Indian Indices sustains to close in green: Nifty holds 19,440, Sensex over 64,970; Bank Nifty sheds 79 points The benchmark equity indices ended Wednesday’s trading session in positive territory. The gains were led by midcap and smallcap stocks. The NSE Nifty 50 added 36.80 points or 0.03% to settle at 19,443.50, while the BSE Sensex gained 33.21 points to 64,975.61, whereas the banknifty ended down by 79.25 points or 0.18% at Rs 43,658.65. “The domestic market traded range bound with a positive bias. And further confidence may be derived from the global market cues post the FED chair speech.” said Vinod Nair, Head of Research, Geojit Financial Services. Realty, Pharma and Healthcare stocks led the gains among the other sectoral indices and added over 1% each, while Banking, Financial Services and IT stocks faced corrections. BPCL, Adani Ports, Asian Paints, Cipla, and Titan Company were the top gainers on the NSE Nifty 50, while the laggards included ICICI Bank, Infosys, NTPC, Tech Mahindra, Tata Consumer Products.
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FII and DII trades: Foreign Institutional Investors (FII) have been net buyers of domestic stocks for successive days now. On Wednesday, FIIs pumped in Rs 2,347 crore. Domestic Institutional Investors (DII) have been net sellers, pulling out Rs 510 crore yesterday.
IPO watch: Syrma SGS Technology enters the final day of bidding today. So far the issue, that opened last week, has been subscribed 2.27 times. Retail investors have subscribed their portion 2.66 times while NIIs have bid for their quota 3.58 times and QIB portion has been bid for 0.71 times.