MARKET CLOSING UPDATES: the benchmark stock indexes Sensex and Nifty rose for the fourth consecutive day thanks to purchasing in index heavyweights Reliance Industries and HDFC Bank and HDFC Housing Finance.
The 30-share BSE Sensex advanced by 146.59 points or 0.25 percent to settle at 59,107.19. During the day, it rallied 439.09 points or 0.74 percent to 59,399.69. The broader NSE Nifty rose 25.30 points or 0.14 percent to end at 17,512.25.
Nestle, HDFC, Axis Bank, Reliance Industries, ITC, HDFC Bank, and UltraTech Cement were the major winners from the Sensex pack. On the other hand, top losers included NTPC, State Bank of India, Bajaj Finserv, HCL Technologies, Dr. Reddy's, Infosys, and Maruti.
INTERNATIONAL MARKETS: While Tokyo closed in the black, other Asian markets Seoul, Shanghai, and Hong Kong all finished down. In mid-session trades, stock exchanges in Europe were trading with a mixed bag of sentiment. On October 18, Wall Street concluded with a gain.
RUPEE VERSUS DOLLAR: The Indian rupee slipped 61 paise to decline below the 83-mark for the first time against the US. dollar on Wednesday amid unabated foreign capital outflows and a strong dollar in the overseas markets.
Meanwhile, Benchmark Brent crude for world markets was trading 0.72 percent higher at USD 90.54 a barrel.
According to exchange data, foreign institutional investors (FIIs) continued to be net sellers on the capital market on October 18 as they sold shares worth 153.40 crore.