Mumbai, Sept. 17 -- Benchmark indices Sensex and Nifty rose for the second day on Wednesday on buying in IT, banking, and auto shares by investors enthused by positive day-long discussions with the visiting US team on a bilateral trade deal.
The 30-share BSE Sensex edged higher by 313.02 points or 0.38 per cent to settle at 82,693.71. During the day, it jumped 361.26 points or 0.43 per cent to 82,741.95.
The 50-share NSE Nifty climbed 91.15 points or 0.36 per cent to 25,330.25.
Growing expectations of a rate cut by the US Federal Reserve and positive US-India discussions on a proposed trade deal helped stock markets extend their rally,
analysts said.
Among Sensex firms, State Bank of India, Bharat Electronics, Kotak Mahindra Bank, Maruti, Trent and UltraTech Cement were the major gainers.
However, Bajaj Finserv, Titan, ITC and Tata Steel were among the laggards.
The day-long discussions with the visiting US team on a bilateral trade deal were positive, and both sides agreed to push for an early and mutually beneficial conclusion of the agreement, the Commerce Ministry said on Tuesday.
As many as 2,408 stocks advanced while 1,746 declined and 174 remained unchanged on the BSE. The BSE smallcap gauge climbed 0.51 per cent and midcap index went up by 0.19 per cent.
Published by HT Digital Content Services with permission from Millennium Post.