Indian equities have extended gain on Wednesday. At 2.34 p.m., the Sensex was trading up 92.28 points or 0.33% at 28,430.33 with 19 components gaining. Meanwhile, the Nifty was trading higher by 26.20 points or 0.31% at 8,489.30 with 36 components gaining.
The Realty index climbed the most with a gain of 3.87% followed by Power (1.45%) and FMCG (1.29%). On the other hand Technology dropped by 0.46%. GAIL, BHEL, ITC and SSTL were major gainers in the Sensex pack. On the other hand, Bharti Airtel, Bajaj Auto, Wipro and ICICI Bank were top losers in the benchmark index.
The BSE Mid and small caps outperformed their larger counterparts gaining 0.83% and 1.27% respectively. Overall market breadth was positive with 1,739 advances against 1,136 declines.
Shares of Financial Technologies (India) (FTIL), Reliance Capital, Puravankara Projects and ITC are active in day's trade. Shares of FTIL witnessed a sharp rise of 5% today after the company has signed a pact with Rakesh Jhunjhunwala, Edelweiss and others to sell its entire stake in MCX-SX stock exchange.
Shares of Reliance Capital witnessed a surge of 3.93% in share price after Nippon Life Insurance has agreed to increase its stake in Reliance Capital Asset Management (RCAM), a part of Reliance Capital.
Shares of Puravankara Projects witnessed a rise of 3.22% after it has enter into a landmark joint venture (JV) deal of approximately 30 acres of prime residential land in Mundhwa, east Pune.
Shares of ITC registered a rise of 2.24% after The Health Minister accepted recommendations of the expert panel to ban sale of loose cigarettes. Also, the health minister has circulated draft note on ban of sale of loose cigarettes.