Sensex surges 162.94 pts

Mumbai: The equity market remained firm for the fourth consecutive session on Wednesday, as the BSE Sensex rallied by 162.94 pts at 40,707.31 at close following gains in Realty, Telecom, Power, Finance and Materials stocks.

The Nifty of national stock exchange too rose by 40.85 pts at 11,937.65.

Inspite of high volatility, the sensex maintained its rally intact, as the Sensex opened higher at 40,767.14, up by 223 pts. It spurted by 432 pts to 40,976.02, days high.

In late trade it was dropped nearly 394 pts to 40,150.48, days low, before closing at 40,707.31, up by 162.94 pts from its previous close.

The Sensex registered days high and low at 40,976.02 and 40,150. pts respectively.

The Nifty recorded days high and low at 12,018.65 and 11,775.75 pts respectively.

The sectoral indices like Realty, Telecom, Power, Finance and Materials advanced. In scrips, Powergrid, Bhart Airtel, Tata Steel, NTPC and HDFC Bank too boosted the same.

While, selling was seen in Energy, Auto, IT and FMCG stocks. In scrips, Nestle India, Reliance Industries, HCL Technologies, Bajaj Finance and Bajaj Finserv slipped.

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