Rally was seen in power and utilities indices, which were up over 1% each, followed by gains in auto and metal stocks. Some profit taking was seen in banks, telecom and consumer durables.
Power Grid on Wednesday reported 10% growth in its consolidated net profit at Rs 4,028 crore in the third quarter, compared with Rs 3,645 crore posted in the corresponding quarter of the previous year.
Power Grid has maintained its upward journey with a positive bias. After every short correction, the momentum has picked up with a series of higher lows on the daily chart.