April 24, 2024 13:21 (IST)
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Reliance boosts market on Wednesday but IT stocks cap the gain
Mumbai, Feb 22 (IBNS): The Indian market ended Wednesday on a mixed note, with BSE Sensex up 103.12 points at 28864.71 and NSE Nifty up 19.05 points at 8926.90 but the market breadth was negative, with nearly 1763 shares declining and 1088 shares advancing on the BSE.
Reliance, which posted its biggest single day gain since May 19, 2009, jumped 11 percent to close over Rs 1200-mark, which boosted the market.
But IT and HDFC Group stocks capped the gains.
Some of the key stocks that gained on Wednesday were Axis Bank, Coal India and Asian Paints while TCS, Infosys, HDFC and HDFC Bank declined.
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