Sensex Today: Domestic equities got a shot in the arm, helping them recoup losses in the second half of the session, after Nomura upgraded its stance on the Indian market from ‘neutral’ to ‘overweight’. At the bourses, the BSE Sensex index settled 173 points higher at 66,119 levels. The Nifty50 index, meanwhile, reclaimed the 19,700-mark to shut shop at 19,716, up 52 points. Both indices hit intraday lows of 65,550 and 19,554, respectively.
L&T, ITC, Sun Pharma, Axis Bank, Maruti Suzuki India, Reliance Industries, Hindustan Unilever, IndusInd Bank, and Bharti Airtel lifted the benchmarks, rising up to 1.9 per cent.
In the broader markets, the BSE MidCap and SmallCap indices outperformed the benchmarks as they gained 0.76 per cent and 0.68 per cent, respectively.
Among sectors, most of the key indices settled in the positive zone with the Nifty Pharma index gaining the most, up 1.2 per cent. The Nifty Bank, and Financial Services indices were the only losers, falling up to 0.13 per cent.
Global Cues
Asia Pacific markets are nursing losses Wednesday, after fears of the US government shut down hammered Wall Street stocks overnight.
Nikkei, Kospi, and ASX 200 were down in the range of 0.3 per cent to 0.75 per cent, while Hang Seng was up 0.03 per cent.
Wall Street ended lower Tuesday as investors grappled with the possibility of a US government shutdown that could take place as early as October 1 if Congress doesn’t agree on a spending bill.
Besides, latest home sales data and consumer confidence report missed estimates, stoking concern over the state of the US economy.
The Dow lost 1.14 per cent, it’s worst one-day show since March, while the S&P 500 slipped 1.47 per cent, and the Nasdaq Composite pulled back 1.57 per cent.
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