The market's performance reflected a cautious sentiment, with 18 of the Nifty 50 stocks advancing while 30 declined. Among the top gainers were BPCL, ICICI Bank, Bharti Airtel, Britannia, and Asian Paints, while HDFC Life, Wipro, Bajaj Auto, Bajaj Finance, and Hindalco were the biggest loser
Among the Nifty 50 stocks, Wipro, Tech Mahindra, HDFC Life Insurance, L&T, and HDFC Bank led the rally, emerging as the top gainers for the day. On the flip side, ONGC, Maruti Suzuki, Tata Steel, Bajaj Finance, and UltraTech Cement saw declines, limiting the market's overall gains.
The Nifty index gained 59.20 points to open at 25,023, while the BSE Sensex index was also up by 0.24 per cent, gaining 195 points to open at 81,576.93.
Domestic investors, both institutional and retail, have been showing their growing influence in the Indian stock markets for quite some time, even as their foreign counterparts have been selling shares in huge quantities over the last few trading sessions.
Adani Enterprises on Wednesday announced launch of a qualified institutional placement (QIP) offer, at a floor price of Rs 3,117 per share, a release from the company said.