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India’s Nifty 50 index ended the session 0.51% higher, driven by fresh buying in banking, IT, and energy stocks amid positive global cues. Investor confidence improved as easing oil prices and resilient corporate earnings provided support. Broader markets also mirrored the upbeat mood, signaling renewed risk appetite.
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The Nifty 50 index closed provisionally 0.51% higher on Wednesday, lifted by robust buying across key sectors and upbeat global momentum. Investors turned optimistic as stable crude prices and sustained institutional flows encouraged accumulation in large-cap stocks.
Key Highlights
Sectoral Strength:
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Banking, energy, and IT led the rally, with financial heavyweights providing major index support.
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Auto and metal counters also saw selective positivity amid easing commodity costs.
Global Cues:
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Asian peers advanced on hopes of a soft landing for the US economy, improving sentiment in emerging markets.
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European futures indicated a firm start, aiding Indian equities’ upward stretch.
Market Breadth:
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The midcap and smallcap indices extended gains, reflecting broader market participation.
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Volatility index cooled further, suggesting improved investor comfort.
Outlook:
Traders anticipate continued momentum if earnings remain steady and global trends stay supportive.
Sources: NSE, BSE market data, Reuters market wrap, Bloomberg India closing report.
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