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Indian markets recover on Wednesday

| | Jun 15, 2016, at 11:22 pm
#Sensex #Nifty #Indian benchmark indices
Mumbai, Jun 15 (IBNS): The Indian market managed to recover from its four days of consecutive fall on Wednesday with Sensex up 330.63 points to 26726.34 and Nifty up 97.75 points to 8206.60 .

Cabinet approval for the aviation policy and the SBI merger supported the positive mood.

According to media reports, globally analysts expect that the US Federal Open Market Committee (FOMC) during its policy meeting  on Wednesday is not likely to hike rates  or make any commitment towards further rate hike.

But concerns over Brexit -- should the UK vote to leave the European Union (EU) in a referendum on June 23 -- remain.

Some of the top gainers on Wednesday were L&T, ITC, HDFC Bank, SBI, Infosys, NTPC and ICICI Bank while Axis Bank, Dr Reddy's Labs, Sun Pharma and Adani Ports were lower.
 

Image: Wikimedia Commons

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