MARKETS

Sensex Ups 200 Points; IRCTC Hits 5% Upper Circuit, RIL Up 2%

The Indian equity markets were trading firm on Wednesday, lifted mainly by the HDFC twins. The S&P BSE Sensex rose 222 points to 30,420 levels and the Nifty50 index traded around 8,960 levels. ITC, up 2 per cent, was the top gainer in the Sensex pack. Besides, HDFC and HDFC Bank were both up 1 per cent each.

IRCTC surged 5 per cent after the Indian Railways decided to double the number of Shramik special trains to 400 a day by this week. Besides, Bajaj Finance rose 2 per cent after announcing its March quarter earnings. Reliance Industries also ticked up 2 per cent as its Rs 53,000 crore mega issue opened today.

The trend among Nifty sectoral indices was largely positive, led by Nifty FMCG index, up 1.25 per cent. A total of 22 companies including Bajaj Auto, Dr Reddy’s Laboratories, UltraTech Cement, and Jubilant FoodWorks, are scheduled to announce their March quarter earnings today.

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