BSE Sensex and NSE Nifty ended the day up around 0.5 per cent following positive global cues. Sensex closed at 17707, while the Nifty closed at 5368. Analysts say that what followed in the market today was an instance of ‘flash buying’.

“The positive bias in the market was co-related to the global markets, which were more or less positive. Market participation had been low in the last two days. So, those investors who missed the opportunity earlier are entering the market now. There was also some short-selling in the market,” said Mr. Kartik Mehta, AVP- Research, Sushil Financial Services.

The market was supported during the day by the consumer durables, realty, IT, metal, power, oil and gas and capital goods sectors.

Among the Sensex stocks, Hindalco, GAIL, DLF, Coal India, Hero Motocorp, Maruti, Wipro, Sterlite Industries, HDFC, TCS, Infosys, RIL, HUl and Jindal steel were the top performers; each up more than 1.5 per cent.

European markets were trading in the green on Wednesday, while the US markets closed in the green on Tuesday. The Asian markets were also trading up on Wednesday.

sneha.p@thehindu.co.in

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