The Sensex and Nifty crept higher on Wednesday, snapping a four-day losing run as February inflation fell to 6.4%.
By 9:35 a.m., the S&P BSE Sensex had risen 417 points to 58,317. The NSE Nifty50, on the other hand, was up 138 points at 17,181.
Asian Paints, Titan, Maruti, L&T, Tata Steel, and IndusInd Bank were the early winners on the 30-share Sensex platform. Just two companies, HUL and Airtel, were in the red.
Individual stocks rose more than 1% after credit rating agency CRISIL confirmed the bank’s financial circumstances as “stable.” Meanwhile, NBCC (India) shares rose more than 3% after the company received a Rs 500 crore work order to build the Government Medical College and Hospital in Karaikal, Puducherry.
The Nifty Midcap 100 and Nifty Smallcap 100 indexes rose up to 1% in the wider market.
Meanwhile, the India VIX volatility index fell more than 6%.
The Nifty Media and Nifty Metal indexes both rose more than 1%.
On Tuesday, the S&P BSE Sensex closed at 57,900, down 338 points. The Nifty50, on the other hand, finished down 111 points at 17,043.
