Sensex and Nifty posted marginal gains on Wednesday after a volatile trading session, with strong performance from major index companies. The BSE Sensex rose by 0.14 per cent to close at 66,023.24, while the Nifty increased by 0.14 per cent to 19,811.85. Analysts attributed the cautious trading to global market trends and a lack of positive triggers.
Leading the gainers were companies such as Infosys, ITC, and Reliance Industries, while others like IndusInd Bank, Kotak Mahindra Bank, and HDFC Bank saw declines. The broader market showed mixed movement, with the midcap gauge climbing 0.33 per cent and the smallcap index falling 0.63 per cent.
In the banking sector, RBI Governor Shaktikanta Das emphasized the need for caution and vigilance, noting the system’s current resilience but urging lenders to recognize potential risks and avoid overexposure.
Global markets also saw varied performance, with Asian markets showing a mix of gains and losses and Europan markets trading mostly with gains. The US markets ended negatively. Analysts noted a positive outlook supported by cooling inflation and easing US bond yields.
Oil prices declined, with Brent crude falling to USD 82.07 a barrel. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 455.59 crore on Tuesday. On Tuesday, the BSE benchmark climbed 0.42 per cent, while the Nifty went up by 0.45 per cent.
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