After trading lower in the first half of the day, Indian equity indices closed higher in a volatile market on Wednesday, led by index heavyweight Reliance Industries, L&T, and ITC.
At the close, Sensex recovered 570 pts from day’s low and settled at 66,118, rising 173 points, while Nifty surged 52 points to end at 19,716.
In stock specific action, Vedanta closed nearly 7% lower after Moody’s downgraded Vedanta Resources’ ratings from Caa1 to Caa2 due to elevated risk of debt restructuring.
REC share closed 6.3% higher on news of the firm signing an MoU with Punjab National Bank to jointly fund projects in the power sector and infrastructure & logistics sector.
Thats all for today. Stay tuned for more daily market updates.