By IANS
Mumbai : Indian stock markets opened strong Wednesday after Tuesday’s beating on the back of good buying seen in telecom, power, capital goods and auto stocks. This was despite discouraging cues from Asian markets.
The markets traded in range and ended in the green with moderate gains. The sensitive index (Sensex) of the Bombay Stock Exchange ended the day with a moderate gain of 61.34 points or 0.31 percent at 19,845 points.
The broader S&P CNX Nifty of the National Stock Exchange closed at 5,908, gaining 39.65 points or 0.68 percent.
It was power-packed action in the mid-cap and small-cap space, which notched up the respective indexes by 1.5 and 1.7 percent.
Markets are eyeing the US Federal Reserve’s crucial decision on rate cut, expecting a 25 basis point reduction.
Realty majors Unitech and DLF ended in green with gains over three percent and one percent, respectively on the back of good sets of numbers.
Among the top gainers on the Sensex were Reliance Petroleum with tremendous volumes by 5.37 percent at Rs.246, Reliance Energy up by 4.36 percent at Rs.1,865.80, and Ranbaxy posting gains of 2.76 percent at Rs.426.15.
Among the top losers were MTNL, down by 5.65 percent at Rs.179.45, Hindustan Unilever Ltd down by 5.65 percent at Rs.207.05, and Zee down by 2.09 percent and closed the day at Rs.330.60.