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Market LIVE: Sensex, Nifty rally for second consecutive day; FM Sitharaman says clear signs of recovery in some sectors

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Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmarks Sensex and Nifty closed nearly a per cent higher on Wednesday, tracking positive global cues as the new coronavirus cases in China are declining. S&P BSE Sensex closed 370 points or 0.90 per cent higher at 41,585 points, while the broader Nifty 50 index settled at 12,201, up 93 points or 0.77 per cent. As many as 23 Sensex stocks finished in green in Wednesday’s trade. HUL was the top gainer with a growth of 5.07 per cent, followed by Kotak Mahindra Bank, Nestle India, ICICI Bank and M&M. On the flip side, SBI was the top laggard on the index, down 1.34 per cent. IndusInd Bank, Sun Pharma, UltraTech Cement and Titan were other among losers on the pack. The Nifty FMCG index gained 572 points to end at 30,986 led by gains in HUL, Godrej Consumer Products and Dabur India. However, the Nifty Pharma index settled lower weighed by Piramal Enterprises, Glenmark Pharmaceuticals and Divi’s Laboratories.

In the broader market, S&P BSE MidCap index ended 34 points or 0.21 per cent lower at 15,801, while the S&P SmallCap index finished at 14,734, down 16 points or 0.11 per cent.

"Clear signs of recovery in certain sectors. Seeing consistent improvement in GST collections. Can’t say the government is reluctant to release all economic data. The PMI index, bank credit for retail sector, MSME are seeing signs of positivity. Seeing a bit of relief in realty space with people looking to buy homes now," Finance Minister Nirmala Sitharaman said at an event today.