The Indian equity benchmarks ended tad higher, paring most of early gains, on Wednesday amid fresh buying by retail and foreign portfolio investors after the Income Tax (I-T) Department put on hold its controversial circular on taxing indirect transfers of Indian assets. Investors were also buoyed by strong earnings report by Indian Inc and clarity over GST rollout. Outperforming the benchmark indices, the broader markets ended on strong note, with MIDCAP and SMLCAP indices gaining 0.45 per cent to 0.61 per cent.
The 30-share barometer index of Bombay Stock Exchange, Sensex closed trade at 27257.64, up by 21.98 points or by 0.08 per cent, and the NSE Nifty was at 8417, up by 19 points or by 0.23 per cent.
During the day’s trade, the BSE Sensex touched intraday high of 27422.67 and intraday low of 27217.65, while the NSE Nifty touched intraday high of 8460.3 and intraday low of 8397.4.
The top gainers of the BSE Sensex pack were Tata Steel Ltd. (Rs. 467.60,+2.95%), Hindustan Unilever Ltd. (Rs. 864.60,+2.86%), Oil And Natural Gas Corporation Ltd. (Rs. 197.85,+1.51%), Mahindra & Mahindra Ltd. (Rs. 1216.10,+0.87%), Tata Consultancy Services Ltd. (Rs. 2295.00,+0.76%), among others.
On the flip side, NTPC Ltd. (Rs. 172.75,-1.65%), GAIL (India) Ltd. (Rs. 439.35,-1.37%), Hero MotoCorp Ltd. (Rs. 3088.85,-1.37%), Bharti Airtel Ltd. (Rs. 313.70,-1.21%), Bajaj Auto Ltd. (Rs. 2704.30,-0.94%), were among top losers on BSE.
On the sectoral front, metal and consumer durables stocks emerged as top gainers, adding as much as 2.27 per cent and 0.71 per cent respectively.
The market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 3077, shares advanced were 1569 while 1317 shares declined and 191 were unchanged.