Sensex rises 450 pts from day's low, Nifty above 22,750: Value buying among key factors behind market gain

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Benchmark index Sensex rose 450 points from day's low while Nifty 50 was trading above the 22,750-mark on September 30 due to various reasons, including value buying.

At 10:22 am, the Sensex was up 354.66 points or 0.49% at 72,883.73, and the Nifty was up 49.50 points or 0.22% at 22,765.70. About 2,353 shares advanced, 1,152 shares declined, and 165 shares were unchanged.

Pharma and healthcare stocks remained under pressure, with the Nifty Healthcare and Nifty Pharma down 1.7% and 0.9%, respectively, to be the worst hit sectoral indices.

On Wednesday, the semi-annual rejig of Nifty 50 constituents took effect. BSE has replaced Wipro in the blue-chip index. Shares of BSE traded nearly 3% lower to be among the worst hit in the 50-stock index. Wipro, on the other hand, was up 2.5%. Among other stocks, Hitachi Energy India, Polycab India, Vedanta Aluminium Metal, and Vodafone Idea entered the Nifty 100 index. These stocks were down 0.3-2.8%.