Indian equity benchmarks displayed remarkable resilience on Wednesday, recovering significantly from intraday lows. The BSE Sensex rebounded nearly 650 points from its day’s low to close at 78,141.06, down 58 points or 0.07%. During the session, the index fluctuated within the range of 77,486.79 to 78,319.45.
Similarly, the NSE Nifty50 ended slightly lower at 23,688.95, down 19 points or 0.08%. The index touched a high of 23,751.85 and a low of 23,496.15 during the day.
Key Performers on Nifty50
Out of the 50 constituent stocks, 28 closed in the red. Major laggards included Apollo Hospitals, Trent, Shriram Finance, and Ultratech Cement. On the other hand, ONGC, TCS, Reliance Industries, ITC, and Asian Paints were among the 22 gainers, with gains of up to 3%.
Broader Markets
The broader market indices witnessed steeper losses:
Nifty Midcap100 fell by 1.05%, closing at 56,270.60.
Nifty Smallcap100 dropped 1.65%, settling at 18,365.65.
Sectoral Performance
Sectoral indices painted a mixed picture:
Losers:
Nifty Consumer Durables saw the steepest decline, plunging 2.16%.
Nifty Healthcare and Nifty Pharma dropped by 1.09% and 0.94%, respectively.
Nifty Financial Services and Nifty PSU Bank fell by 0.83% and 0.79%, respectively.
Gainers:
Nifty IT emerged as the top-performing sector, gaining 0.60%.
Nifty FMCG also ended in the green, up by 0.44%.
The market’s mixed trend reflects cautious investor sentiment amid global uncertainties and sector-specific challenges.
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Disclaimer
The statistics furnished in this news article are for informational features and must no longer be construed as economic recommendations. The inventory marketplace is concerned with dangers; overall performance does not assure destiny outcomes. Conduct thorough studies and search for advice from an authorized financial advertising representative before making any investment selections.
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