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Markets maintain gains after year-end purchases; Infosys and L&T shine

<p>Amid a mixed trend in the global markets, the benchmark stock indexes Sensex and Nifty trimmed early losses to finish higher on Wednesday. This was made possible by fag-end buying in index giants Infosys, L&T, and M&M.<img decoding=”async” class=”alignnone wp-image-127846″ src=”https://www.theindiaprint.com/wp-content/uploads/2023/08/theindiaprint.com-markets-maintain-gains-after-year-end-purchases-infosys-and-lampt-shine-images-2023-08-16t175552.700-11zon.jpg” alt=”theindiaprint.com markets maintain gains after year end purchases infosys and lampt shine images 2023 08 16t175552.700 11zon” width=”1236″ height=”805″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2023/08/theindiaprint.com-markets-maintain-gains-after-year-end-purchases-infosys-and-lampt-shine-images-2023-08-16t175552.700-11zon.jpg 278w, https://www.theindiaprint.com/wp-content/uploads/2023/08/theindiaprint.com-markets-maintain-gains-after-year-end-purchases-infosys-and-lampt-shine-images-2023-08-16t175552.700-11zon-150×98.jpg 150w” sizes=”(max-width: 1236px) 100vw, 1236px” title=”Markets maintain gains after year-end purchases; Infosys and L&T shine 9″></p>
<p>To end the day at 65,539.42, the 30-share BSE Sensex gained 137.50 points, or 0.21 percent. It decreased by 369.03 points, or 0.56 percent, over the day to reach 65,032.89.</p>
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<p>The NSE Nifty finished at 19,465 after gaining 30.45 points, or 0.16 percent.</p>
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<p>The Sensex pack’s top gainer, UltraTech Cement, increased by 2.43 percent, followed by NTPC, Tata Motors, Infosys, Power Grid, Mahindra & Mahindra, Larsen & Toubro, Maruti, Wipro, and SBI.</p>
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<p>The top laggards, on the other hand, were JSW Steel, Tata Steel, Bharti Airtel, Bajaj Finserv, Axis Bank, and Bajaj Finance.</p>
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<p>Seoul, Tokyo, Shanghai, and Hong Kong all had negative closing prices on Asian markets.</p>
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<p>Markets in Europe were mainly trading in positive territory. Tuesday’s US stock market close was lower.</p>
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<p>Benchmark Brent crude increased by 0.1% to $84.90 per barrel.</p>
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<p>According to exchange statistics, foreign institutional investors (FIIs) sold shares of stock worth Rs 2,324.23 crore on Monday.</p>
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<p>Tuesday’s stock market was closed in observance of “Independence Day.”</p>
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<p>The BSE benchmark increased 79.27 points, or 0.12%, to close Monday at 65,401.92. The Nifty finished at 19,434.55 up 6.25 points, or 0.03 percent.</p>
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