Sensex, Nifty End Higher For A Second Day: Market Wrap

India's stock benchmarks closed with little gains on Wednesday, paring its opening advance as the rise in banking, metals, and oil and gas stocks were offset by decline in information technology and FMCG stocks.

The Sensex ended 0.07% higher at 61,462.02, while the Nifty 50 rose 0.13% to close at 18,267.25.

Out of the Nifty 50 constituents, 25 declined, while 25 advanced.

Apollo Hospitals Enterprise Ltd., JSW Steel Ltd., State Bank of India, HDFC Life Insurance Co., and Bajaj Finance Ltd. were the top Nifty gainers.

Adani Enterprises Ltd., Hero MotoCorp Ltd., Power Grid Corp. of India Ltd., Adani Ports and SEZ Ltd. and Tech Mahindra Ltd. were the worst performers.

The broader indices outperformed their larger peers with Midcap and Smallcap index gaining 0.20% and 0.54%, respectively.

Twelve out of the 19 sectoral measures compiled by BSE Ltd. advanced, with BSE Bankex, Metal and Oil & Gas gaining the most.

The market breadth is skewed in favour of bulls. About 1,865 stocks rose, 1,631 fell, and 131 remained unchanged.

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