Closing Bell: Indian Indices sustains to close in green: Nifty holds 19,440, Sensex over 64,970; Bank Nifty sheds 79 points

financialexpress.com:

The benchmark equity indices ended Wednesday’s trading session in positive territory. The gains were led by midcap and smallcap stocks. The NSE Nifty 50 added 36.80 points or 0.03% to settle at 19,443.50, while the BSE Sensex gained 33.21 points to 64,975.61, whereas the banknifty ended down by 79.25 points or 0.18% at Rs 43,658.65.

“The domestic market traded range bound with a positive bias. And further confidence may be derived from the global market cues post the FED chair speech.” said  Vinod Nair, Head of Research, Geojit Financial Services.

Nair also said “Oil prices continued to fall, which will provide respite to the domestic economy and navigate a downward trajectory to inflation & fiscal,” said, Vinod Nair, Head of Research, Geojit Financial Services”.

Realty, Pharma and Healthcare stocks led the gains among the other sectoral indices and added over 1% each, while Banking, Financial Services and IT stocks faced corrections. BPCL, Adani Ports, Asian Paints, Cipla, and Titan Company  were the top gainers on the NSE Nifty 50, while the laggards included ICICI Bank, Infosys, NTPC, Tech Mahindra, Tata Consumer Products.