Sensex up 173 pts on Nomura upgrade, Nifty tops 19,700; all but banks gain

Stock market highlights: Domestic equities got a shot in the arm, helping them recoup losses in the second half of the session, after Nomura upgraded its stance on the Indian market from 'neutral' to 'overweight'. READ MORE

At the bourses, the BSE Sensex index settled 173 points higher at 66,119 levels. The Nifty50 index, meanwhile, reclaimed the 19,700-mark to shut shop at 19,716, up 52 points. Both the indices hit intraday lows of 65,550 and 19,554, respectively.

L&T, ITC, Sun Pharma, Axis Bank, Maruti Suzuki India, Reliance Industries, Hindustan Unilever, IndusInd Bank, and Bharti Airtel lifted the benchmarks, rising up to 1.9 per cent. 

In the broader markets, the BSE MidCap and SmallCap indices outperformed the benchmarks as they gained 0.76 per cent and 0.68 per cent, respectively.

Among sectors, most of the key indices settled in the positive zone with the Nifty Pharma index gaining the most, up 1.2 per cent. The Nifty Bank, and Financial Services indices were the only losers, falling up to 0.13 per cent. 

Sai Silks (Kalamandir): Sai Silks (Kalamandir) (SSKL) made a quiet debut on Wednesday with the company’s equity shares being listed at Rs 231 on the NSE, a 4 per cent premium over its issue price of Rs 222 per share. The stock listed at Rs 230.10 on the BSE. READ MORE