Sensex jumps around 500 points; PC Jeweller gains 19 per cent, Canara Bank declines by more than 6 per cent

On Wednesday, the markets continued their bull run as Sensex closed at 46,103.50 levels, up by 494.99 points or 1.09 per cent while, Nifty gained 136.15 points or 1.02 per cent to settle at 13,529.10 levels.

In the global markets, Asian indices such as Nikkei, Hang Seng, and KOSPI rose by 1.33 per cent, 0.75 per cent, and 2.02 per cent, respectively whereas, Shanghai index fell by 1.12 per cent. European indices such as FTS E100, DAX and CAC 40 were trading higher by 0.60 per cent, 0.99 per cent, and 0.26 per cent, respectively.

The domestic markets continued to rally on Wednesday as well, following positive global cues as the world awaits more news related to COVID-19 vaccines and fiscal stimulus. In today’s trading session, gains in some FMCG stocks, banks & IT stocks pushed the indices higher.

Sensex gainers included Asian Paints that jumped 3.37 per cent, Kotak Mahindra Bank surged 2.67 per cent, Axis Bank gained 2.19 per cent, HDFC Bank increased by 2.15 per cent, Infosys went up by 1.85 per cent, RIL zoomed by 1.65 per cent, ITC gained 1.43 per cent, etc.

Sensex losers consisted of UltraTech Cement that plunged 1.29 per cent, Tata Steel fell by 0.79 per cent, Maruti Suzuki decreased by 0.70 per cent, SBI declined by 0.59 per cent, Bajaj Auto went down by 0.43 per cent, HDFC fell by 0.20 per cent, Tech Mahindra declined by 0.19 per cent, etc.

Amongst sectoral indices on BSE, Bankex was the biggest gainer, up by 1.47 per cent while Power index was the biggest loser, down by 0.25 per cent. BSE Small-Cap index and BSE Mid-Cap index gained by 0.49 per cent and 0.40 per cent, respectively.