March 07, 2024 / 07:26 AM IST
Market on Wednesday:
The market staged a remarkable recovery to gain a percent from the day’s low and hit new highs on March 6, as the 30-pack Sensex went past 74,000 points for the first time.
At close, the Sensex was up 408.86 points, or 0.55 percent, at 74,085.99, and the Nifty was up 117.70 points, or 0.53 percent, at 22,474, there best closing ever.
Earlier in the day, the Sensex and Nifty hit highs of 74,151.27 and 22,497.20.
After a weak start, market traded in the red for most of the session but final hour buying, especially in banking, IT and pharma names pushed them to new peaks.
Top Nifty gainers included Bajaj Auto, Kotak Mahindra Bank, Axis Bank, Bharti Airtel and SBI Life Insurance, while losers were Adani Enterprises, UltraTech Cement, NTPC, ONGC and BPCL.
Among sectors, bank index was up 1 percent, while pharma and IT indices were up 0.7 percent each. On the other hand, oil & gas, power and realty were down a percent each.
The BSE midcap index closed 0.6 percent down and smallcap index 2 percent lower.
