Share Market Today: Market gains amid ups and downs, Sensex rises 140 points, Nifty closes around 17,150

New Delhi. Before the weekly expiry, the market was seen trading in a range. Amidst the ups and downs, the market saw gains in Pharma, PSU Bank, Auto and FMCG indices on Wednesday. There was pressure on PSE, Metal and Realty indices. At the end of trading, the Sensex closed at 58,214.59, up 139.91 points, or 0.24 percent, while the Nifty closed at 17,151.90, up 44.40 points, or 0.26 percent.

BPCL, Coal India, NTPC, Adani Ports and Axis Bank were the top Nifty losers in Wednesday’s trade. Whereas HDFC Life Insurance, Bajaj Finance, Bajaj Finserv, Sun Pharma and Tata Consumer were the top Nifty gainers.

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The market was closed on the green mark on Tuesday
In the last trading session, on Tuesday, the 30-share BSE Sensex closed at 58,074.68 points with a gain of 445.73 points, or 0.77 per cent. The National Stock Exchange’s Nifty also closed at 17,107.50 points with a gain of 119.10 points, or 0.70 percent.

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Inflation rises to 10.4 percent in Britain
Britain’s inflation rate rose for the first time in 4 months in February, surprising analysts. This has also increased the pressure on the Bank of England to increase interest rates. The National Statistics Office said on Wednesday that the consumer price index rose to 10.4 percent in February from 10.1 percent in the previous month. Inflation remains more than five times the Bank of England’s target of 2 per cent. However, economists predict that there will be a sharp decline in prices by the end of the year. The bank has increased rates 10 times in a row since December 2021, which has now reached 4 per cent.

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Tags: BSE, Nifty, NSE, Sensex, share market