At 9:18 am, the Sensex stood at 83,463.70, up 12.74 points or 0.02 per cent. The index opened higher at 83,553.59. The previous close was 83,450.96
Indian equities traded in a narrow range on Wednesday morning, with the benchmark BSE Sensex hovering near the flatline as gains in metals and select financials were offset by weakness in information technology and Adani group counters.
At 9:18 am, the Sensex stood at 83,463.70, up 12.74 points or 0.02 per cent. The index opened higher at 83,553.59. The previous close was 83,450.96.
The broader Nifty 50 mirrored the cautious undertone, rising 3.25 points, or 0.01 per cent, to 25,728.65. The index traded between 25,705.40 and 25,759.75 in the first few minutes of trade.
Among Sensex constituents, Bharat Electronics (BEL) led the gainers, rising over 1 per cent, tracking buying interest in defence counters. Tata Steel and ITC also traded higher, adding to early support for the index. Bajaj Finance, State Bank of India, UltraTech Cement and Axis Bank posted modest gains of up to 0.5 per cent.
The metals space saw selective traction, with Hindalco and JSW Steel also featuring among top movers on the Nifty heatmap. Traders pointed to firm global commodity cues and stock-specific momentum aiding the sector.
IT, Adani names drag
On the flip side, information technology stocks remained under pressure. Infosys fell over 1 per cent, while Tech Mahindra and HCLTech declined up to 1.3 per cent, capping gains in the headline indices. TCS and Wipro also traded in the red.
Adani Ports slipped more than 1 per cent, emerging as one of the top laggards on the Sensex. Weakness was also visible in select heavyweights such as Maruti Suzuki and HDFC Bank, which limited the upside.
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