Sensex and Nifty Close Higher Amid Volatility; Midcap Index Posts Record Close

Markets at Close: Sensex and Nifty Close Higher Amid Volatility; Midcap Index Posts Record Close

The Indian stock market showcased resilience on Wednesday, with the Sensex and Nifty closing higher despite volatility, driven by gains in blue-chip stocks like Reliance Industries and Infosys. The midcap index posted a record close, highlighting the strength in broader market segments.

Market Performance

The 30-share BSE Sensex climbed 267.75 points, or 0.36%, to settle at 74,221.06. The index experienced an intraday jump of 354.48 points, or 0.47%, reaching a high of 74,307.79 before retreating slightly.

Extending its winning streak to five consecutive sessions, the NSE Nifty rose by 68.75 points, or 0.31%, to finish at 22,597.80. The sustained rally was supported by buying interest in FMCG and realty sectors, even as banking and metal shares witnessed some selling pressure.

Key Movers

Major gainers on the Sensex included:

• Hindustan Unilever
• Reliance Industries
• Infosys
• Asian Paints
• ITC
• UltraTech Cement

These stocks contributed significantly to the market’s upward momentum.

Broader Market Indices

In the broader market, the BSE smallcap index climbed 0.18%, reflecting continued investor interest in smaller companies. Conversely, the midcap index dipped slightly by 0.05%, despite reaching a record close earlier in the session.

Sectoral Performance

The positive performance in the FMCG and realty sectors helped offset declines in banking and metal stocks. This sectoral divergence underscores the mixed cues from global markets, influencing investor sentiment.

Global Cues

Global market trends played a role in the day’s trading dynamics, with mixed signals affecting the Indian bourses. Investors are closely watching international developments, including economic data and geopolitical events, which continue to impact market volatility.

Conclusion

The Indian stock market’s ability to close higher amid volatility reflects underlying strength and investor confidence in blue-chip stocks. As the market navigates through mixed global cues, the performance of key sectors and broader market indices will be closely monitored.

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