Sensex up 17 points, Nifty closes above 9,100; Power Grid gains

Key benchmarks ended the Wednesday on a positive note, with the Sensex rose up 17.47 points at 29,336.57, while the NSE Nifty-50 Index was down 1.65 points at 9,103.50. The broader market was depicted strength with the BSE Midcap having gained 0.7% while BSE Smallcap gained 0.8%.

The market breadth was positive, with a number of 1,615 advancing shares against a decline of 1,223 nos, while 181 shares were unchanged, reflecting bullish sentiments floating in the market.

Shares of Power Grid Corpn gained 4.25% to Rs. 210.95, while IndusInd Bank shed 0.68%.  BHEL, Adani Ports, Bharti Infratel and Power Grid were the top gainers on both BSE and NSE, while Hero MotoCorp, Aurobindo Pharma and SBI were the laggards.

European shares were trading on higher note while the Asian stocks edged lower after British Prime Minister Theresa May decided to hold early elections.