New Delhi: The equity index rose on Wednesday with BSE Sensex benchmarks up more than 600 points led by profits in stock, metals and banks.
After a volatile session, the 30-share BSE index jumped 612 points or 1.09 percent to close at 56,930; While the wider NSE settled 185 points or 1.10 percent higher at 16,955.
The top enhancer in the sensex package including Bajaj Finance, Bharti Airtel, L & T, Sun Pharma and Reliance with their shares rose as much as 2.94 percent.
In fact, ITC, Nestle and Wipro were the main losers down to 0.58 percent.
On the NSE platform, the nifty realty sub-index, Pharma, Bank PSU and Auto rose as much as 2.95 percent.
Foreign institutional investors (FIIS) remain clean sellers in the capital market, because they sell shares worth 1,209.82 crore on Tuesday, according to data exchange data.
Meanwhile, India told the state government on Tuesday to be proactive and seek a surge in Omicron Coronavirus variant after the case almost doubled within a week.
“The market has gave prices on most actions such as the US Federal Reserve level action apart from Omicron.
Although Covid’s fear is still there, we are far more prepared and not in a blind place again,” Anand strategy market in Geojit’s financial services told Reuters.
Elsewhere in Asia, the stock exchange in Hong Kong, Tokyo and Seoul ended up with a rise, while Shanghai was closed in red.
The stock market in Europe was also traded on a positive tone on the midfield offer.
The main index in the US posted a strong increase overnight because the appetite was at risk of going up to the end of the year, despite a number of cases of Omicron Covid-19 variants throughout the world.
(With input from the agency)