Mumbai: The Sensex and the Nifty rose nearly 0.5 per cent at the closing session on Wednesday on the back of positive global cues and sustained FII inflows.
The 30-share BSE index Sensex jumped 120.55 points to close at 27,139.94 and the 50-share NSE index Nifty moved up 30.9 points to end at 8,113.95.
Barring FMCG, banking and power, all other BSE sectoral indices ended in the green. Among them, IT index gained the most by 2.5 per cent, followed by TECk 2.21 per cent, metal 1.16 per cent and capital goods 0.8 per cent. On the other hand, FMCG index was down 0.59 per cent, followed by banking 0.12 per cent and power 0.06 per cent.
Coal India, Infosys, Bharti Airtel, Wipro and TCS were the major Sensex gainers, while the top five losers were GAIL, ITC, ONGC, Bajaj Auto and BHEL.
The index of national factory activity increased to 59.0 in August 2014, the highest reading since March 2011, compared with 57.1 in July 2014, the Institute for Supply Management said. A reading above 50 indicates expansion in the manufacturing sector.
The market breadth ended slightly weak on the BSE with 1,527 shares declining and 1,495 shares advancing.
Since the beginning of this year, the Sensex has gained 28.2%, while foreign institutional investors have bought $13 billion from local equity markets.
A monthly meeting of the European Central Bank (ECB) is scheduled for Thursday, and there are expectations that the ECB will announce quantitative easing in the coming months to strengthen growth in the euro zone, which may boost market sentiment.
