Among sectors, FMCG, Automotive, Real Estate, Media, IT and Financials closed higher while Energy remained weak.
Market update at 3:30 p.m.: The indices finished at their respective day highs and Nifty rose 1.13%. Sensex gained around 616 points while Nifty Midcap and Nifty Smallcap climbed 1.90% and 0.50%, respectively.
Among sectors, FMCG, Automotive, Real Estate, Media, IT and Financials closed higher while Energy remained weak. Bajaj Finance, Bajaj Finserv and HUL emerged as the main gainers while ONGC, Hindalco & Power Grid were the main losers.
Nifty closed just below the 16,000 level and also formed a strong bullish candle.
Meanwhile, global signals will continue to dictate global markets/markets worldwide.
Market update at 2:10 p.m.: Nifty is down about 80 points from its day high. It again tested the 16,000 mark but failed to break it. It is currently up 0.80% while Sensex has gained around 446 points. Nifty Midcap climbed 1.23% while Nifty Smallcap was flat.
Autos and consumer staples are up while energy and metals posted gains.
Market update at 12:30 p.m.: The indices are roaring on Wednesday as Nifty jumped 0.80% and Sensex soared more than 430 points. Nifty Midcap is trading higher by over 1.04% while Nifty Smallcap is flat.
Among the sectors, autos, real estate, financials and consumer staples are up while energy plunged due to a drop in crude prices. Bajaj Finance, Hero MotoCorp and HUL are the main gainers while ONGC, NTPC and Hindalco are the main losers.
The advance-decline ratio stands at 1,027:867, indicating a positive market picture.
Market update at 9:30 a.m.: The indices opened higher in a context of positive global indices. Nifty climbed 0.40% while Sensex gained around 300 points. Nifty Midcap and Nifty Smallcap are higher by half a percent each.
Autos and Banks emerged as the best performers while Media and Metals declined.
Meanwhile, India’s VIX slipped more than one percent.
Pre-market update: Last night US markets closed on a mixed note as investors focused on the economy’s growth trajectory. The Nasdaq climbed 1.75% while the Dow Jones gained 129 points. However, most Asian economies opened lower but SGX Nifty points to a 10 point gain.Crude oil prices fell sharply on Tuesday night amid growing recession fears. WTI Crude Oil dipped below 100 while Brent Crude Oil closed at $103 a barrel and is down almost 9%.
Interestingly, FIIs turned net buyers in the last trading session and bought for around Rs 1,295 crore. Meanwhile, the DIIs sold for around Rs 257 crore.
Nifty should open around the 15,800 level and should remain volatile.