MARKET ANALYSIS
- Indian shares rose on Wednesday, marking their highest close in three weeks, led by gains in resources stocks such as Coal IndiaBSE 5.73 % and Reliance Industries.
- Coal India climbed 5.8 percent on reports that the government has lifted the cap on the company's e-auction sales.
- Reliance Industries BSE 3.93 % surged about 4%, marking its biggest daily gain since March 3.
- Markets @ close
- Sensex ends day at 28,707.75; up 191.16 points. Nifty closes at 8,716.00; up 55.70 points.
- Coal India rallied over 6% intraday as govt has removed cap on e-auction sales
- REC OFS subscribed 200% on institutional demand
- Smallcap index outshines Sensex and Nifty, gains 204.30 points, or 1.79%
- GATI gained about 3% intraday; the firm plans to raise Rs 120 crore via QIP
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