Sensex, Nifty end marginally higher in volatile trade; IT tumbles 6% – Firstpost

Sensex, Nifty end marginally higher in volatile trade; IT tumbles 6% – Firstpost


The Sensex rose 78.56 points, or 0.09 percent, to close at 83,817.69, while the Nifty gained 48.45 points, or 0.19 percent, to settle at 25,776. Market breadth remained firmly positive, with 2,626 shares advancing against 1,413 declining and 143 remaining unchanged on the BSE

Indian benchmark indices ended with modest gains in a volatile session on Wednesday, even as a sharp selloff in information technology stocks capped the upside.

The Sensex rose 78.56 points, or 0.09 percent, to close at 83,817.69, while the Nifty gained 48.45 points, or 0.19 percent, to settle at 25,776. Market breadth remained firmly positive, with 2,626 shares advancing against 1,413 declining and 143 remaining unchanged on the BSE.

Gains in ONGC, Eternal, Trent, Adani Ports and NTPC supported the Nifty, offsetting losses in IT heavyweights. Infosys, TCS, Tech Mahindra, HCL Technologies and Wipro were among the top laggards as the sector index plunged 6 per cent amid concerns linked to artificial intelligence-driven disruptions.

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Broader markets outperformed the frontline indices, signalling continued risk appetite among investors. The Nifty Midcap index rose 0.6 percent, while the Smallcap index climbed 1.2 percent.

On the sectoral front, auto, energy, consumer durables, PSU, realty, metal, oil & gas and power indices advanced between 1 and 2 percent, cushioning the drag from IT and helping benchmarks end in positive territory.

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