Author
The author is a Trainee Journalist at BW Businessworld based in Mumbai. He tracks the Markets and related news.
Banks and Financials led most of the rally in the markets ahead of the U.S Fed meeting outcome which is scheduled to be announced later in the day.
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The issue consists of fresh issue of shares worth Rs 7,500 crore and an offer-for-sale worth Rs 750 crore
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Bajaj Auto, Bajaj Finance, and Bajaj Finserv were the top boosts for the index at market opening.
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Tech Mahindra, Reliance, and Bajaj Finance were the top boosts for Sensex in the early trade.
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The pace of vaccination will be crucial for quicker normalization of economic activity, said experts.
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The overall market performance supported gains as nearly 1737 closed with gains and 1128 shares saw selling pressure.
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Tracking the global markets, U.S markets witnessed some correction from record highs as the technology stocks made a bearish move in the market, while the Asian markets were trading with mixed sentiments following the global cues.
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The shares of ACC surged over four per cent and marked its day's high of Rs 1,980 post-earnings.
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"The possibility of the pharma sector outperforming in the current market conditions is very high", Gaurav Garg of CapitalVia Global Research said to Businessworld.
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Wipro gained above nine per cent in the day's trade and marked its fresh record high of Rs 473.65 post Q4 results.
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