Live Stock Market Closing Bell

Nifty tops 8400, Sensex 28000 as IPO filings cheer D-Street

Equity benchmarks extended gains Wednesday with the 50-share Nifty and 30-share Sensex topping psychological levels of 8400 and 28000 respectively. Brokers said the confidence of companies to file for initial public offerings (IPOs) showed that there were enough investors willing to put money into India amid the ongoing volatility in global markets. The BSE Sensex closed at 28020.87, up 240.04 points or 0.9 percent over its previous close. The 50-share Nifty closed at 8453.05, up 84.55 points or 1 percent over its previous close.

IT, metals, banking, capital goods, realty and banking were the best performing shares of the day with the respective sectoral indices gaining over 1 percent each.

 About 1878 shares have advanced, 907 shares declined, and 142 shares were unchanged. IT, metals, banking, capital goods, realty and banking were the best performing shares of the day with the respective sectoral indices gaining over 1 percent each.

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The Indian rupee has opened flat at 63.65 per dollar against previous day's closing value of