New Delhi: Domestic equity markets ended Wednesday’s trading session on a positive note, recovering from a sharp intraday correction as buying in banking, automobile and select heavyweight stocks helped benchmark indices regain lost ground towards the close.
The BSE Sensex settled at 81,879.40, gaining 772.75 points, or 0.95%. The index had surged 1,414 points during the morning session to touch an intraday high of 82,520.40 before witnessing significant profit booking. It subsequently declined to an intraday low of 81,417.39 before recovering towards the close.
The Nifty 50 ended at 25,255.05, rising 210.40 points, or 0.84%. The index touched an intraday high of 25,424.35 and a low of 25,095.35, giving up a significant portion of its early gains.
Both benchmarks opened sharply higher, with the Sensex surging over 1,100 points and the Nifty crossing the 25,300 mark. However, profit booking during the afternoon session dragged the indices lower before a late recovery helped them finish in positive territory.
Among sectoral indices, the Nifty PSU Bank emerged as a top performer, rising 2.94%, while the Nifty Auto advanced 2.14%. The Nifty Bank gained 1.76%, and the Nifty Chemicals index climbed 2.10%. Nifty MidSmall Financial Services also advanced 1.69%. FMCG, consumer durables, metals and oil and gas stocks ended higher.
However, IT, pharma and realty stocks remained under pressure. The Nifty IT declined 0.53%, while Nifty Pharma and Nifty Realty fell 0.41% and 0.42%, respectively.
Broader markets also closed higher, with the Nifty Smallcap 100 gaining 1.59%, Nifty Midcap 100 rising 0.81% and Nifty 500 advancing 0.90%. The Nifty Microcap 250 climbed 1.87%. Meanwhile, India VIX rose 0.86% to 17.57, indicating continued market uncertainty.
