The broader NSE Nifty rose 0.56% on Wednesday to end above 10,000 points for the first time ever, extending a recent record-setting rally after positive. Shares of IndusInd Bank, which said on Monday that it had entered into an exclusive agreement with micro-lender Bharat Financial Inclusion to explore merger opportunities, finished as 5.6 per cent at Rs 1,791.25 apiece on the NSE.
Meanwhile, BSE Smallcap index closed the session at 16,519.56, down 98 points or 0.59 per cent at day's end as stocks such as GMR Infratech, 8k miles, Ruchi soya, Dia Power, Mahscooter and Jubilant Foodworks plunged over 7 per cent each.
Among the top index gainers, Reliance Industries advanced 3.3 percent, Sun Pharma rose 4 percent, Dr Reddy's rose 2.3 percent while Lupin gained 0.7 percent. Even on Wednesday, the Sensex had gained more than 100 point to hit the intra day high of 32,348.30 but could not hold on to it.
Asian markets mostly ended mixed.
At 10 AM: Sensex was up by over 82 points or 0.26% at 32,241.30 while the broader Nifty was up by 23.60 points or 0.23% at 10,116.65.
Tata Power was up 5.74 per cent and was the top gainer on the Nifty.
On the sectoral front, realty was in a sweet spot, up 2.11%, followed by healthcare index, oil and gas and FMCG. Nomura lifted its price target for the stock to 2,100 rupees from 2,000 rupees as it estimates the bank's consolidated profit to record a 21% compounded annual growth rate over four years ending 2020.
Tata Motors (up 3.14 percent), Tata Steel (up 3.30 percent) were among the major market movers.
This was Rs 1,25,126.92 crore more than yesterdays m-cap of Rs 1,34,58,831.08 crore.