The Nifty futures closed positive at the 14,845 level with a gain of 1.37%. Among the specific stocks, TVS Motor, Bajaj Finance NSE 8.55%, Bajaj Finserv, Kotak Bank, UBL, ICICI Bank NSE 3.77%, SAIL, MFSL, Mindtree, Chola Finance, Motherson Sumi, Pidilite Industries, Bajaj Auto saw a spurt in trade setup Has gone. , HDFC Bank NSE 2.65%, SBI, HDFC, PowerGrid, and Asian Paint, but weaker in Biocon, Voltas, Britannia NSE-1.76%, Lupine, Nestle India, and HPCL.
On Wednesday, the Nifty opened with gains and continued to shop for the most part of the session with gains up to 14,900 levels. It continued its winning streak for the third consecutive season and the bulls had a tight grip on the market.
Bank Nifty opened with a gap and advanced throughout the session. All banking stocks were seen to be moving the index as it touched a high of 33,777. The index outpaced the broader market and concluded the session with a large gain of around 1,000 points. The index formed a strong bullish candle on the daily scale and continued to build highs for the sixth session. Now it will have to hold up to 34,000 above the 33,500 level and 34,250 for the upside, while support on the downside can be seen at the 33,333 and 33,000 levels.
The Asian stock market remained mostly un-traded on Wednesday after investors saw news outside the Federal Reserve meeting.
Japan’s Nikkei 225 gained 0.4% to 29,104.51 in morning trade, while South Korea’s Kospi slipped 0.8% to 3,189.72. Australia’s S&P / ASX 200 rose 0.5% to 7,066.70. Hong Kong’s Hang Seng gained 0.2% to 29,005.46, while Shanghai Composite rose 0.2% to 3,448.25.
In energy trading, benchmark US crude fell 16 cents to $ 62.78 a barrel on the New York Mercantile Exchange. International standard Brent crude dropped 17 cents to $ 66.25 a barrel.
In currencies, the US dollar gained from 108.36 yen to 108.84 Japanese yen. The euro costs $ 1.2082, up from $ 1.2062.