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Sensex snaps losses, rises 141 points
But the broader market continued to underperform
Updated : Feb 22, 2018, 05:45 AM IST
 "BSE")
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After three days of a losing streak, markets heaved a sigh of relief on Wednesday. Both the benchmark indices rebounded and closed positive for the fourth time in this month.
The 30-share Sensex surged 141.27 points, or 0.42%, to close at 33844.86. Nifty rose 37.05 points, or 0.36%, to hit 10397.45. But the broader market continued to underperform. The mid-cap stocks fell by 0.05% and the small-cap by 0.17%.
IT was the best performing sector rising 2.20%. PSU bank index also recovered and rose 1.09%.
TCS, ITC, ONGC, SBI and Infosys were the main contributors to Sensex surge, gaining as much as 3.33%. Sun Pharma was the biggest loser as it plunged 6.19% on Wednesday.
Meanwhile, FPIs sold shares worth Rs 1,214.18 crore while the DIIs purchased shares of Rs 1375.48 crore on Wednesday. The February F&O segment will be expiring today.
