Market Wrap: Sensex Ends On Positive Note At 35,697, Nifty Above 10,450

Sensex ended slightly higher on Wednesday at 35,697 as risk sentiment remained subdued amid rising coronavirus cases in the country despite rebounding over 386 points during the day, the 30-share index pared most gains to settle 62.45 points or 0.18 per cent higher. On the other side, the broader NSE Nifty closed 6.95 points or 0.07 per cent up at 10,458.40.

Top gainers in the Sensex pack includes Hero MotoCorp, Reliance Industries, ICICI Bank and L&T, while Tata Steel, IndusInd Bank, ONGC, SBI and Infosys ended significantly lower note.

In the previous session on Monday, the BSE Sensex crashed over 1,941 points and the NSE Nifty tumbled 538 points, positing their biggest ever single-day drop in absolute terms.

Bourses in Shanghai, Hong Kong, Seoul and Tokyo ended with significant losses, while those in Europe rallied up to 2 per cent in early trade. Brent crude oil futures slipped 2.02 per cent to USD 36.47 per barrel, after Saudi Arabia hiked production by one million barrels a day.

On the currency front, the Indian rupee appreciated 46 paise to 73.70 per US dollar (intra-day).

Bullion Market Closing: Gold Prices Fall Rs 516 At Rs 44,517 Per 10 Gram

Gold on Wednesday traded down by Rs 516 to Rs 44,517 per 10 gram in the national capital amid appreciation in the value of the rupee. The precious metal had on Monday closed at Rs 45,033 per 10 gram, according to HDFC Securities. On the contrary, silver prices rose by Rs 146 to Rs 47,234 per kg as compared with the previous close of Rs 47,088 per kg.

“Spot gold of 24 karat gold in Delhi were trading down by Rs 516,” HDFC Securities Senior Analyst (Commodities) Tapan Patel said. The rupee on Wednesday was trading around 36 paise stronger against dollar during the day, he said. In the international market, gold was trading at USD 1,661 per ounce and silver at USD 17.03 per ounce.

(With inputs from PTI)