In a rollercoaster session, India’s benchmark indices eked out gains on Wednesday, buoyed by robust performances in metal and automobile sectors. The Sensex inched up 0.06% to 82,276.07, gaining 50.15 points, as the Nifty advanced 0.23% or 57.85 points to 25,482.50.
IT heavyweights provided the initial thrust, lifting the Sensex to 82,957.91 early on. Profit-taking in blue-chips later tempered the rise, but sector rotation kept the market afloat. Nifty Metal led with a stellar 2.70% jump, followed closely by Nifty Auto and Nifty Pharma, both at 1.85%.
Healthcare (1.59%), IT (1.57%), Manufacturing (1.35%), Defence (0.93%), and Commodities (0.75%) also posted solid advances. Weaker spots were PSU Banks (-0.39%), Infra (-0.30%), FMCG (-0.25%), and Realty (-0.19%).
Broader markets shone brighter: Nifty Midcap 100 rose 0.58% to 59,406.10, and Nifty Smallcap 100 gained 0.94% at 17,118.70. Sensex gainers featured HCL Tech, Tata Steel, TCS, Indigo, Sun Pharma, M&M, Maruti, Axis Bank, ICICI Bank, Infosys, BEL, L&T, Tech Mahindra, Titan, NTPC, Power Grid, HUL, and UltraTech. Draggers were SBI, Eternal, Airtel, ITC, Kotak, HDFC Bank, Bajaj Finance, and Trent.
Analysts highlight FII activity as pivotal. After net selling yesterday, heavy purchases on Monday totaling Rs 3,483.70 crore suggest a bullish turn. This foreign inflows could bolster market sentiment amid ongoing volatility.