Indian equity indices closed at fresh record highs for the third straight session on Wednesday, led by energy stocks on moderating oil prices and IT shares on growing bets of a rate cut in the US in March.
The 30-share BSE benchmark Sensex advanced 358 points or 0.52% to settle at 69,654. The broader NSE Nifty surged 82 points or 0.40% to end at 20,937.
Meanwhile, the market capitalisation of all listed companies on BSE increased by Rs 2.56 lakh crore to Rs 349.02 lakh crore.
Among Sensex stocks, Wipro, ITC, TCS, and L&T were the top gainers, rising 2-4%. Tata Motors, Nestle India, Infosys, M&M, and Reliance also ended in the green. On the other hand, NTPC, Axis Bank, ICICI Bank, UltraTech Cement, and Maruti closed with cuts.
More to come…
