Mumbai, Indian stock markets ended near record highs on Wednesday, driven by strong buying across sectors.<\/p>\n\n\n\n
The benchmark Sensex jumped 1,022.5 points, or 1.21 per cent, to close at 85,609.51. The Nifty also surged 320.5 points, or 1.24 per cent, to settle at 26,205.3.<\/p>\n\n\n\n
The Nifty delivered a strong and confident close today, settling above the key 26,200 level for the first time.<\/p>\n\n\n\n
\u201cThe index formed a full bullish Marubozu candle, showing strength from the opening bell to the closing tick without any major selling pressure,\u201d market watchers said.<\/p>\n\n\n\n
This clearly confirms the continuation of the uptrend with a higher-high structure throughout the session, they added.<\/p>\n\n\n\n
\u201cIf the index sustains above 26,000 as a strong support, it is well-positioned to challenge its all-time highs in the 26,277\u201326,350 zone in the coming sessions,\u201d analysts mentioned.<\/p>\n\n\n\n
Major stocks such as Bajaj Finance, Bajaj Finserv, Sun Pharma and Tata Motors PV were among the biggest gainers on the Sensex.<\/p>\n\n\n\n
Bharti Airtel and Asian Paints were the only two stocks that ended in the red.<\/p>\n\n\n\n
All sectoral indices closed higher, reflecting strong overall market sentiment. Nifty Metal led the rally with a gain of 2.06 per cent, followed by Nifty Consumer Durables, which rose 1.75 per cent, and Nifty Energy, which gained 1.74 per cent.<\/p>\n\n\n\n
The broader market also saw healthy participation. The Nifty Midcap 100 index gained 1.27 per cent, while the Nifty Smallcap 100 index rose 1.36 per cent.<\/p>\n\n\n\n
Domestic equities experienced significant gains, driven by the festive “Santa Claus rally” in global markets, according to analysts.<\/p>\n\n\n\n
This uptrend was fuelled by robust retail and domestic institutional investor (DII) inflows, while foreign institutional investor (FII) flows remained modest.<\/p>\n\n\n\n
\u201cFurthermore, increasing optimism surrounding a potential truce between Russia and Ukraine is enhancing risk appetite, fostering a positive outlook for the upcoming year,” analysts stated.<\/p>\n","protected":false},"excerpt":{"rendered":"
Mumbai, Indian stock markets ended near record highs on Wednesday, driven by strong buying across sectors. The benchmark Sensex jumped 1,022.5 points, or 1.21 per cent, to close at 85,609.51. […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,20],"tags":[],"class_list":["post-903","post","type-post","status-publish","format-standard","hentry","category-business","category-display","has_no_thumb"],"_links":{"self":[{"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/posts\/903","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/newsaxis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=903"}],"version-history":[{"count":1,"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/posts\/903\/revisions"}],"predecessor-version":[{"id":904,"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/posts\/903\/revisions\/904"}],"wp:attachment":[{"href":"https:\/\/newsaxis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsaxis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=903"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsaxis.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}