Nifty ends above 20,000 on healthy macro numbers; smallcaps outperform
1 year, 6 months ago

Nifty ends above 20,000 on healthy macro numbers; smallcaps outperform

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The domestic stock market brushed aside the pessimism from the previous session as it saw increased buying activity in various sectors on Wednesday due to upbeat macroeconomic data. Consumer Price Index -based inflation, or retail inflation, moderated to 6.83 per cent in August from a 15-month high of 7.44 per cent in July, thanks to a fall in vegetable prices. Sensex finally closed with a gain of 246 points, or 0.37 per cent, at 67,466.99 while the Nifty ended 77 points, or 0.38 per cent, higher at 20,070. Sectoral indices today Barring Nifty Auto and IT, all sectoral indices ended with gains today, with Nifty PSU Bank index surging 4.23 per cent. Nifty Bank closed 0.87 per cent higher while the Private Bank index ended with a gain of 0.77 per cent.

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