Nifty breadth was skewed in favour of the gainers as 38 stocks ended in the green. The top gainer was Wipro which shot over 6%. It was followed by HCL Technologies, Bajaj Auto, Hindalco Industries and Tata Motors. Among the top laggards were Grasim Industries, HDFC Bank, Bajaj Finance, SBI and ICICI Bank.
India Business News: The S&P BSE Sensex surged by more than 900 points from its intra-day low of 69,920, while the Nifty climbed by 300 points to reach a high of 21,288. H
"The vulnerability of the mid and small caps to correction remains since the valuations are excessive. Large caps will witness buying on declines. Investors can wait for the market to stabilise and buy high quality largecap stocks on declines," said VK Vijaykumar of Geojit Financial. The top gainers were Power Grid, Britannia Industries, Bharat Petroleum Corporation (BPCL), RIL, and LTIMindtree, while the top losers were Axis Bank, Bajaj Auto, Cipla, SBI Life and ICICI Bank.
Asia-Pacific stocks mostly grew Wednesday, Nov. 22. Hong Kong stocks were flat, with the Hang Seng Index flat at 17,734.60, while Japan's Nikkei 225 Index.
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