Sensex rises over 120 points on fag-end buying; Nifty closes above 17,750 - Times of India
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MUMBAI: Rising for the third straight session, equity benchmark Sensex closed higher by 123 points on Wednesday, propped up by robust fag-end buying in banking and financial stocks amid a bearish trend in global equity markets. Besides, covering-up of short positions by bears supported the late recovery in stocks, helped wipe off losses, traders said. However, a weak rupee against major rivals overseas weighed on market sentiment and restricted gains, they added. In a largely subdued session, the 30-share BSE Sensex ended 123.63 points or 0.21 per cent higher at 60,348.09. During the session, the index touched a high of 60,402.85 and a low of 59,844.82. The broader NSE Nifty gained 42.95 points or 0.24 per cent to finish at 17,754.40. IndusInd Bank was the biggest gainer on the Sensex chart, rising 4.75 per cent, followed by M&M, L&T, NTPC, ITC, Ultra Cement , Tata Steel , Maruti and SBI. In contrast, Bajaj Finance , Tech Mahindra, Infosys and Sun Pharma were amo...