By Srinivas Iyer — Mumbai
Indian equity markets ended higher on Wednesday, with both the BSE Sensex and NSE Nifty extending gains for the third consecutive session, supported by strong buying in IT and auto stocks.
The BSE Sensex surged over 600 points to close around 76,700, while the NSE Nifty 50 settled above the 23,750 mark, reflecting nearly a one per cent gain in today’s trade.
Market sentiment remained positive amid easing crude oil prices and firm global cues, which helped reduce inflation concerns and boost investor confidence. Analysts attributed the rally to value buying after recent corrections and improved global outlook.
Information technology stocks led the rally, followed by gains in auto and banking sectors. Broader markets also remained firm, with mid- and small-cap indices closing in positive territory.
Top Gainers (Nifty 50): Infosys, TCS, HCLTech, Wipro, Mahindra & Mahindra | Top Losers (Nifty 50): Hindustan Unilever, ITC, Nestle India, Power Grid, Asian Paints
Market experts caution that despite the recovery, volatility may persist due to global factors such as crude oil price movements and upcoming central bank decisions.
