Sensex goes up 112 pts, Asian leads support

TIL Desk/Business/Mumbai/ Stocks were on the upswing on Wednesday as the key Sensex rose 112 points on the back of institutional buying, with an appreciating rupee keeping mood upbeat. Positive leads from Asia and another record closing on Wall Street set the stage for the day, market watchers said.

The 30-share index spurted by 111.64 points, or 0.33 per cent, at 33,589.99. All sectoral indices led by consumer durables and infrastructure, turned green by up to 0.82 per cent. The barometer had scooped up 717.91 points in the previous four sessions.

The NSE Nifty hit 10,364.05, up 37.15 points, or 0.35 per cent. The rupee was trading higher by 14 paise at 64.75 against the American currency in early deals on Wednesday. There was continued buying by domestic institutional investors as well as retailers, traders said.

A firming trend at other Asian markets, taking overnight cues from Wall Street where stocks rose to record highs, too accelerated buying activity here. Prominent gainers include Adani Ports, M&M, Bajaj Auto, HDFC Ltd and Asian Paints, gaining up to 2.11 per cent.