(RTTNews.com) – Indian stocks rose sharply on Wednesday to reach new records after the government reduced the requirement for additional loans to Rs 20,000 crore from Rs 50,000 crore previously reported, helping to ease the worries about the growing fiscal deficit.
The benchmark BSE Senbad ended the session up to 310.77 points or 0.89 percent at 35.081.82 while the broader Nifty index closed at 10.788.55, 88.10 points or 0.82 percent more than its close previous.
HPCL, Infosys, Yes Bank, Adani Ports, Aurobindo Pharma, ICICI Bank, SBI and Axis Bank rose 2-4 percent in the Nifty package, while Zee Entertainment Enterprises fell by up to 3.5 percent after its 3Q net profit did not reach the estimates. Wipro lost approximately 2 percent and ONGC dropped 1 percent.
Jubilant Life Sciences rose 17 percent thanks to strong third-quarter earnings.
Globally, Asian equities ended mixed with lower commodity prices and weak Wall Street signals because of concerns about the possibility The closure of a US government eclipsed the optimistic regional economic data.
A widespread wave in digital currencies for fears of impending repression, apprehensions over coalition talks in Germany and speculation that European Central Bank (ECB) legislators are preparing to reduce their vast monetary stimulus program as well It kept investors on alert.
European shares fell in early trading amid disappointing earnings updates.
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