Indian share market cheered the Rs 20 lakh crore stimulus package on Wednesday as BSE Sensex and Nifty 50 posted over 2 per cent gains. However, market participants awaited the finer details of the announced package due to which no major movement happened during the trade. Finance Minister Nirmala Sitharaman’s press conference is scheduled for today. During the day, Sensex jumped to 32,845, while Nifty reclaimed 9,500-mark. “Market Breadth remained in favor of bulls for every four gainers there were only one loser. The market players seemed much more interested in details of the package so there was no big move post-gap up opening.
Top BSE Sensex gainers and losers: Axis Bank gains 7%: Axis Bank was the top Sensex gainer with a growth of nearly 7 per cent, followed by UltraTech Cement, ICICI Bank and State Bank of India (SBI). On the other hand, Nestle India was the top laggard, down 5 per cent. Sun Pharma, Bharti Airtel and HUL were among other losers on the pack.
Nifty50 closed higher at 9383.55 level, +187 points, or +2.03 per cent. Nifty Support : 9250 and 9150 Resistance : 9450 and 9550.
