Mumbai. After the announcement of the peace agreement between America and Iran, the stock markets remained bullish for the fourth consecutive day on Wednesday and the BSE Sensex was successful in reaching beyond 77 thousand points. After opening higher in the morning, Sensex closed at 77,155.62 points, up 347.14 points (0.45 percent). The Nifty-50 index of the National Stock Exchange was up 96.55 points or 0.40 percent at 24,085.70. This is the highest level of both since May 08. Investors remain buyers in the market ahead of the signing of the peace agreement between the US and Iran on June 19.
The macro market is also bullish. Nifty Midcap-50 index closed up 0.30 percent and Smallcap-100 index closed up 0.79 percent. Indices of IT, metals, public banks and consumer durables groups remained strong. At the same time, a decline was seen in auto and realty groups. A tremendous jump of seven percent was seen in Sensex companies. BEL shares also rose three percent.
Shares of Eternal, Tata Steel, Infosys, Titan, Bharti Airtel, TCS, Sun Pharma and State Bank of India rose between one and two per cent. Shares of IndiGo, Tech Mahindra, HCL Technologies, L&T, PowerGrid, Adani Ports and Reliance Industries also closed higher. Bajaj Finserv and Axis Bank recorded a decline of more than one percent. Kotak Mahindra Bank, Mahindra & Mahindra, Maruti Suzuki, Asian Paints and ITC declined.
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