Sensex Jumps 243 pts on Fag-End Buying, Nifty Reclaims 18,000; TechM Up 5%

Sensex Today: Indian shares opened lower on Wednesday on fears of a prolonged high-interest rate regime in the United States after data showed consumer inflation in January remained sticky in the world’s largest economy. However, benchmark indices ended higher with Nifty above 18,000.

At Close, the Sensex was up 242.83 points or 0.40 per cent at 61,275.09, and the Nifty was up 86 points or 0.48 per cent at 18,015.80. About 1722 shares have advanced, 1657 shares declined, and 129 shares are unchanged.

Tech Mahindra, Apollo Hospitals, Eicher Motors, Reliance Industries and Adani Enterprises were among the biggest gainers on the Nifty, while losers included HUL, Sun Pharma, ITC, L&T and ONGC.

On the sectoral front, IT, auto and realty up 1 per cent each.

BSE midcap index added 0.7 per cent and the smallcap index rose 0.4 per cent.

In the broader markets, Torrent Power soared over 10 per cent to Rs 504 after the company reported a 88 per cent growth in consolidated net profit at Rs 695 crore on a YoY basis. The company also announced an interim dividend of Rs 22 per share, including a special dividend of Rs 13 per share.

On the other hand, Bharat Forge shed 4.4 per cent a day after reporting weak Q3 performance. The company’s overseas operations posted an EBITDA loss of Rs 62 crore in December quarter due to ramp up related issues of the new Al forgings capacities in Germany and the US.

Sebi notifies governance norms for REITs, InvITs similar to listed cos

As part of streamlining the provisions for REITs and InvITs, the regulator said the tenure of an auditor will be made till the conclusion of the fifth annual general meeting of unitholders, and a statutory auditor will undertake a limited audit of all the entities or companies whose accounts are to be consolidated.

Paytm Payments Bank goes live with UPI LITE to boost small UPI transactions

Paytm Payments Bank Limited (PPBL) on Wednesday said it has gone live with UPI LITE, a feature enabled by the National Payments Corporation of India (NPCI) for multiple small UPI transactions.

Read all the Latest Business News here