Benchmark indices of the stock market closed marginally higher on Wednesday with Nifty ending at 10,840-level. On closing, the BSE Sensex stood at 10840.65, up by 82-pts and the NSE Nifty50 closed at 10840.65, up by 23-pts.

Tata Steel, Bharat Petroleum, Vedanta, Gail and SBI were among major Nifty gainers, while Britannia, Indiabulls Housing, Coal India, ONGC and Eicher Motors led the losses.

In the Nifty sectoral indices, Auto, Media, Pharma and Pvt bank closed lower, while Bank, Financial Service, FMCG, IT, Metal, PSU Bank and Realty rose.

Nifty Realty index was the top sectoral gainer (up 1.47%) followed by Nifty metal (up 1.13% and PSU Bank (up 1.04%) today.

Nifty Energy Index rose 1.07% led by Hindustan Petroleum and Bharat Petroleum which surged 4.30 and 3.60% each followed by Gail India and Indian Oil Corporation and PowerGrid.

Hotel stocks rose after the GST rate fitment committee proposed to reduce the tax from 28% to 18% on hotel tariff of Rs.7500 and above or to increase threshold tariff to Rs.10,000 with 28%. Hotel Leela venture share price closed up by 4%, while Taj GVK Hotels surged 5.90%, EIH Associated Hotels rose 0.50%, Royal Orchid added 4.16% and Indian Hotels gained 2.88%. for newly update stock Tips and nifty future trading tips visit our blog.

Tobacco company stocks rallied today after Cabinet announced a ban on e-cigarettes in India. Godfrey Phillips India gained 4.87% higher at Rs.989 per share on the NSE while ITC Ltd added 0.72% to settle at 238.90.