Bulls’ dominance continued for the fourth day in the stock market on Wednesday, with the Mumbai Stock Exchange Index Sensex rising 147 points to settle at 147 points. Global market cues were largely unfavorable. However, the domestic market started on a positive note and moved higher. Later, as Asian and European markets shrank, the impact reverberated here as well. As a result, most of the gains made in the morning were lost, stockbrokers said. Up 147 points: The Sensex gained 236.36 points in the morning to open at 59,196.96 and touch a high of 59,399.69. Later, the Sensex, which had dipped as low as 58,961.77 on profit-taking, eventually ended up 146.59 points (0.25 per cent) at 59,107.19. Most of the time trading comes from a certain range. 19 stocks fall: 19 stocks in the Sensex list comprising 30 top-tier stocks fell. Only 11 stocks gained. Public sector power company NTPC led the decliners with a decline of 1.77 percent. Next, SBI, Bajaj Fin Serv, HCL Tech, Infosys, Dr. Reddy among others declined between 1 and 1.65 percent. Also, leading corporate stocks including Maruti, ICICI Bank, Tata Steel, Hindustan Uni Lever, TCS, L&T were among the losers. HDFC gains: Meanwhile, popular private home lender HDFC led the gainer chart, rising 2.13 percent. Also, Nestlé, Reliance, ITC, Axis Bank, HDFC Bank among others gained between 1 and 1.190 percent. Market capitalization rise: In this scenario, the market capitalization of the Mumbai Stock Exchange rose by Rs 10 thousand crore to Rs 274.58 lakh crore at the close of trading. Foreign institutional investors (FIIs) sold shares to the tune of Rs 153.40 crore on Tuesday.
