Share Market Closing Bell: Domestic equity benchmarks jumped on Wednesday led by gains in financial, auto and metal shares, though losses in IT stocks played spoilsport, keeping the upside in check. Both headline indices gained half a percentage point for the day, with the Sensex rising 409.8 points to 80,567.7 and the Nifty50 settling at 24,715.1, up 135.5 points from its previous close.
Investors keenly awaited tax-related announcements with the 56th meeting of the GST Council underway. The finance minister-chaired rate-deciding panel is engaged in two-day deliberations on Wednesday and Thursday.Â
The Nifty Bank — whose 12 constituents include stocks like SBI and HDFC Bank — gained 406.6 points, or 0.8 per cent, to close at 54,067.6. Financial services stocks enjoy the maximum weight of nearly 38 per cent in the Nifty50.Â
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