India’s equity benchmark indices closed nearly one percent higher today, despite continued selling by Foreign Institutional Investors in India.

The Sensex gained 692 points, or 0.93 per cent to close at 75,075. Nifty advanced 201 points, or 0.89 per cent, to settle at 22,821.
The recovery of Sensex and Nifty after Tuesday’s crash is attributed to the post Election results, wherein NDA is preparing to form the Government for the 3rd consecutive time.

In the NSE Nifty, 83 Companies hit 52 week high and 22 hit 52 week low.

In the broader market at the BSE, the Mid-Cap index up by 2.28 percent while the Small-cap index rose 3.06 percent. 13 out of 30 companies registered gains in the Sensex index.

The top 3 gainers today were Tech Mahendra and HCL 4. percent, SBI 3.46 percent and Infosys 2.95 percent.

On the other hand, the 3 major laggards were, HUL, Asian Paints and Mahindra and Mahindra.

The overall Market breadth was positive. Out of 3945 Companies, the shares of 3009 companies advanced, 834 declined and 102 remain unchanged.