NIfty closed at 6796 up 101 point

After three days of consolidation, equity benchmarks set another record closing high on Wednesday with the Nifty hitting 6800 mark supported largely by banking and financial stocks.

 The Sensex and the Nifty surged over 1.5% at the closing session on Wednesday on heavy capital inflows led by IMF’s forecast of better growth prospects for India in 2014.

 In its World Economic Out look, the IMF projected India’s GDP to grow at 5.4% in 2014 and 6.4% in 2015. It said “In India, real GDP growth is projected to strengthen, partly due to government efforts to revive investment growth”.

The Sensex was up 358.89 points or 1.61% at 22702.34 and the Nifty was up 101.15 points at 6796.20.

 Barring IT and Teck, all other sector closed green. Among them banking,metal,healthcare and realty indices gained the most by 3.45%,2.26% and 1.85% respectively. On the other hand IT index was down 1.09% and Teck 0.84%.

 Sun pharma , Axis bank, Tata motors, Icici Bank and Hindalco were th top 5 sensex gainers, while the top 5 losers were Infosys, ONGC, TCS, Wipro and Hero Motocorp.
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