Mumbai: For the second consecutive day, the Indian equities market notched a decent gains on Wednesday with IT stocks leading the gaining rally. Positive cues from the global markets boosted the domestic bourses in the early trade.

The market, after trading in a narrow range through the day, eased from early highs and ended with gains during mid-week. The 30-share benchmark of the Bombay Stock Exchange (BSE) sensitive index (Sensex) opened at 16,288.76 points, and touched a high of 16,413.80 before closing at 16,244.19 points.

It went up by 90.53 points at the day's close or 0.56 per cent. The National Stock Exchange (NSE) S P Nifty, which opened at 4881.65 points, closed at 4887.30 points.

It went up by marginal 7.65 points or 0.16 per cent. The BSE Midcap index, which closed at 6,699.10 points, went up by 94.68 points or 1.43 per cent. The BSE Smallcap index, which closed at 8,351.14 points, went up by 146.75 points or 1.79 per cent.

On BSE, the market breadth was positive. 1864 shares advanced, 816 declined and 74 maintained status quo. The top gainers of the day were Infosys at Rs.1599.95, up 5.90 per cent, Reliance energy at Rs.1345.25 up 3.44 per cent, Wipro at Rs.447.35, up 5.35 per cent and Hindalco at Rs.176.50, up 1.70 per cent.

The top losers of the day included BHEL at Rs.1778.15, down by 3.22 per cent, Ambuja Cements at Rs.112.35 down by 3.60 per cent, Tata Motors at Rs.613.25, down by 1.96 per cent and Jaiprakash Associate at Rs.213.75, down by 2.31 per cent.

Source : Agencies