The Sensex rises by almost 100 points to close at 61,873 and the Nifty at 18,321


The Indian share market closed higher on Wednesday as rising investor sentiment helped the benchmark Sensex climb nearly 100 points to end at 61,873.45, posted its first gain in four sessions.

The broader Nifty ended at 18,321.75, up 36.40 points.

The Sensex witnessed heavy buying in IT, banking, and metal stocks, while the broader Nifty50 index posted gains in four out of 11 sectoral gauges.

Among the Sensex stocks, Tech Mahindra, TCS, Hindalco Industries, Asian Paints, Ultratech Cement, Bharti Airtel, SBI, ICICI Bank, and Bajaj Finance notched gains of up to 5%. Shares of ONGC, NTPC, and PowerGrid were the biggest losers, falling up to 2.98%.

The Indian rupee opened at 72.8 against the US dollar. In the forex market, the USD/INR pair was trading at 72.97, up 0.19%.