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Benchmark equity indices, the BSE Sensex and Nifty50, opened lower on Wednesday due to mixed global signals
Stock Market Updates
Sensex Update: Indian equity indices closed on a flat note after a volatile session on Wednesday. The BSE Sensex finished at 75,939.18, down by 28.21 points, or 0.04%, from the previous close. It recorded an intra-day high of 76,338.58 and a low of 75,581.
Similarly, the NSE Nifty50 ended nearly unchanged at 22,932.90, slipping by just 12.40 points, or 0.05%. The 50-stock index traded between 23,049.95 and 22,814.85 during the day.
Out of the 50 stocks in the Nifty50, 25 ended lower, led by Dr. Reddy’s Labs, TCS, Infosys, Hindustan Unilever, and Adani Enterprises, with losses up to 2.48%. Meanwhile, Bharat Electronics, Hindalco, Eicher Motors, Larsen & Toubro, and Axis Bank saw gains of up to 3.54%.
Smallcap stocks outperformed both the benchmarks and other broader market indices, with the Nifty Smallcap100 index rising 2.36%, driven by JBM Auto and Aegis Logistics. The Nifty Midcap100 index followed suit, closing up by 1.56%.
Banking stocks were the standout performers, with both the Nifty Private Bank and PSU Bank indices rising over 1%, while the Bank Nifty index gained 0.94%. Consumer durables, financial services, metal, media, and realty sectors also posted gains of up to 1.59%.
In contrast, the Nifty IT, Auto, Healthcare, Pharma, and FMCG indices ended in the red. The Nifty IT index was the worst performer, down 1.26%, dragged lower by Persistent Systems and Mphasis.
Global Cues
On Wall Street, the S&P 500 closed at an all-time high, and both the Dow Jones and Nasdaq also saw gains. However, markets in the Asia Pacific region were mixed, with Hong Kong, Japan, and Australia experiencing declines, while South Korea and Mainland China posted gains.