Stock Market Live: Sensex and Nifty continued to soar higher on Wednesday, a day after Nifty 50 ended at 22,196.95, while Sensex closed at 73,057.40 on February 20. Focus remained on Zee Entertainment as shares tank 11% after Bloomberg report.
The resilient domestic buying is providing the main support to the rally in the market, and the strong performance of the economy and improving corporate earnings are also a solid fundamental support to the markets, according to analysts.
Sensex Today: Sensex and Nifty opened flat after ending Monday's session in green. International oil prices remained lower after the Federal Reserve pointed to a more patient stance on rate cuts.
While the benchmarks inched higher, trend in the broader market remained subdued. Analysts blame the frothy valuations in the small and mid-cap space after their recent bull run as the reason behind profit booking by investors.
Stock Market Live: Sensex and Nifty inched lower after opening 0.28% higher. The Index was trading 0.3 per cent higher above the 22,000 mark. IT stocks witnessed a weakness after the latest US retail data slashed hopes of rate cuts by the US Fed in March.