Benchmark Sensex surged 267 points while Nifty extended gains for the fifth consecutive day on Wednesday, driven by strong buying in blue-chip stocks Reliance Industries and Infosys. The positive momentum comes amidst mixed signals from global markets. The Sensex closed at 74,221.06, up by 0.36%, while the Nifty ended at 22,597.80, rising by 0.31%. FMCG and realty sectors contributed to the uptrend, offsetting losses in banking and metal shares. Experts attribute the market optimism to stable Q4 earnings and diminishing election uncertainties. Notable gainers included Hindustan Unilever, Asian Paints, and UltraTech Cement, while State Bank of India and Tata Steel were among the laggards. The broader market saw the BSE smallcap index rising by 0.18% and the midcap index declining by 0.05%. Key sectors that showed strength were realty, FMCG, and IT, while commodities, financial services, and metal sectors underperformed. With global markets showing mixed trends, investors remain cautious as they await the election outcome.
Benchmark Sensex Rises 267 Points, Nifty Gains for Fifth Consecutive Day Amid Global Market Cues – Mumbai, India
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