The simplest explanation to what's been happening at the Markets today

Both the Sensex and the Nifty gathered pace in mid-afternoon trade on Wednesday as traders went long on select blue chips post the cut in borrowing costs by banks and funds indulged in some propping of Net Asset Values on the last day of September, which also marks the end of the 2nd quarter and the half year for fiscal 2015-2016.Here is a snapshot of the latest movements in the cash market on the exchanges.

BENCHMARK INDICES
Nifty rose 68 points to 7,911
Sensex jumped 239 to 26,017 points

BROADER INDICES
CNX 100 Index rose 0.9% to 8,025 points
CNX Mid Cap jumped 1.5% to 12,927 points
CNX SMall Cap added 1% to 5,226 points

SECTORAL INDICES
Bank Nifty dropped 0.7% to 17,159 points
CNX PSU Bank fell 1.6% to 3,108 points
CNX Metal surged 2.5% to 1,648 points
CNX Pharma added 1.4%to 12,882 points
CNX FMCG gained 1.5% to 19,760 points

NIFTY GAINERS
Idea
Tata Steel
Bharti Airtel

NIFTY LOSERS
Bank of Baroda
Vedanta
Axis Bank

TOP TRADED ON NSE
Axis Bank
Dish TV
IDFC

TOP VOLUME BUZZERS
Excel Crop Care
Dynamatic Tech
Shakti Pumps

52-WEEK HIGHS
Ceat
Can Fin Homes
TV Today

52-WEEK LOWS
ICSA
Oil India

ADVANCE-DECLINE RATIOS
NIFTY: 29/21
SENSEX: 21/9
FUTURES: 105/60
BROADER MARKETS: 1,546/862

Image credit: Indiatimes