Mumbai Dec 22 PTI Equity benchmarks darted up for the second session on the trot on Wednesday mirroring a rebound in world stocks despite the looming threat of the Omicron variant A sustained recovery in the rupee which advanced for the fifth straight day further boosted sentiment traders said The 30-share BSE Sensex rallied 61155 points or 109 per cent to end at 5693056 Similarly the broader NSE Nifty jumped 18460 points or 110 per cent to 1695545 Bajaj Finance was the top gainer in the Sensex pack rising 294 per cent followed by Bharti Airtel Sun Pharma Reliance Industries SBI LT and Tata Steel Only three index components finished lower -- Wipro ITC and Nestle India dipping up to 077 per cent Domestic market is gaining ground amid a positive rebound in the global market The rebound was broad-based while mid and small caps outperformed as the bargain opportunity led investors to accumulate the beaten-down stocks The Omicron concerns and FIIs selling may keep investors in a cautious mode It is a time for selective stock picking with a focus on defensive and growth-oriented sectors rather than rushing to the market said Vinod Nair Head of Research at Geojit Financial Services Ajit Mishra VP - Research Religare Broking too said participants should approach the market with caution at this point of time Nifty may extend this rebound and the zone closer to 17150 would now act as a hurdle Importantly the participation of the banking index is critical for any sustained move while other sectors are doing their bit Amid all the news related to the new COVID variant will remain on the market radar he added All sectoral indices ended on a positive note with BSE realty industrials energy capital goods and auto indices climbing as much as 293 per cent Broader BSE midcap and smallcap indices jumped up to 166 per cent Global markets extended their rally despite surging Omicron cases in multiple countries and fresh border restrictions Elsewhere in Asia bourses in Hong Kong Tokyo and Seoul ended with gains while Shanghai closed in the red Stock exchanges in Europe were also trading on a positive note in the afternoon session Meanwhile international oil benchmark Brent crude rose 038 per cent to USD 7424 per barrel The rupee appreciated by 5 paise to close at 7554 against the US dollar Foreign institutional investors were net sellers in the capital market on Tuesday as they offloaded shares worth Rs 120982 crore exchange data showed PTI ANS ABM ABM

Mumbai Nov 24 PTI Equity benchmarks resumed their decline on Wednesday after a days gap succumbing to a last-hour sell-off triggered by losses mainly in market heavyweights Reliance Infosys and HDFC After trading in the green for most part of the session the 30-share BSE Sensex settled 32334 points or 055 per cent lower at 5834099 -- marking its fifth decline in the last six days Likewise the NSE Nifty fell 8830 points or 05 per cent to end at 1741505 On the Sensex chart Maruti Infosys Tech Mahindra ITC Reliance Industries LT UltraTech Cement and HDFC were the major losers dropping as much as 262 per cent On the other hand Kotak Bank NTPC ICICI Bank Bajaj Finance PowerGrid and HCL Tech were among the gainers climbing up to 145 per cent Of the Sensex constituents 22 shares ended in the red Unable to hold onto its gains domestic indices edged lower in todays tumultuous session amid mixed sentiments across global peers Despite surging inflation the Euro-zone business activity jumped to 558 in November from 542 in October instilling hope in investors On the domestic front gains in banking and financial stocks were offset by losses in oil gas and auto sectors The banking sector was in the radar today as the government proposed to privatise two banks along with making banking amendments for the winter session to facilitate PSB privatisation said Vinod Nair Head of Research at Geojit Financial Services Sectorally BSE IT index fell 124 per cent followed by auto capital goods FMCG and energy Oil and gas banking and finance closed with gains In the broader market BSE midcap and largecap indices suffered losses but the smallcap index ended higher Elsewhere in Asia stock markets closed with moderate to deep losses tracking a rise in US bond yields and volatility in global crude oil prices in the wake of price-cooling efforts by the US and other countries Markets in Europe too were trading with losses in the afternoon session The rupee recovered its initial losses and settled 2 paisa up at 7440 against the US dollar on Wednesday ahead of the release of the minutes of the latest Federal Reserve meeting Offloading of shares by foreign institutional investors continued on Tuesday as they sold shares worth Rs 447706 crore on a net basis as per exchange data PTI MKJ ABM MKJ ABM ABM