The headline indices, BSE Sensex and Nifty 50 traded in a choppy fashion on Wednesday to close in the positive territory. The 30-share index Sensex rose 527 points from day’s low to end at 31,686, while NSE’s Nifty gained 172 points from an intraday low to settle at 9,288. The rally was supported by buying in financial counters with HDFC Bank, HDFC, ICICI Bank and Bajaj Finance as top index contributors. “Institutional investors appear to be realigning portfolios with rotational sell flows visible in previous out-performing sectors such as FMCG and Pharma, and inflows into cyclical like Autos and Infra stocks.
Nifty50 closed higher at 9270.90 level, +65.30 points, or +0.71 per cent. Nifty Support :9140 and 9040 Resistance : 9340 and 9440.
