Reliance helped the Sensex close 103 points higher on Wednesday, though IT and HDFC Group stocks capped gains. Reliance posted biggest single day gain since May 19, 2009, jumped 11 percent to close over Rs 1200-mark.The 30-share BSE Sensex was up 103.12 points at 28864.71 and the 50-share NSE Nifty rose 19.05 points to 8926.90 but the market breadth was negative.
About 1763 shares declined against 1088 advancing shares on the BSE. Axis Bank, Coal India and Asian Paints were other gainers while TCS, Infosys, HDFC and HDFC Bank fell 1-2 percent.
HEADLINES OF THE DAY
Apollo Hospitals surges on fund raising plan.
Axis Bank gains on strategic stake sale reports.
Maruti Suzuki to launch new 2017 Ciaz in April 2017.
The crucial resistance for Nifty spot is now seen at 8970 and above this 9010 Support for the immediate term is now placed at 8830 and next support will be 8720.