Equity benchmarks pared early gains on Wednesday as the BSE Sensex was trading around 82,405, nearly 700 points below its intra-day high. The Nifty 50 hovered near 25,510, slipping from levels above 25,600 touched earlier in the session.
Markets opened higher, supported by buying in information technology and banking stocks. Among the key gainers were Infosys, Tata Consultancy Services, Tech Mahindra and HCL Technologies, which rose up to 2–3% during the day. Private banking shares also contributed to the early rally.
However, gains were capped as selling pressure emerged in select auto and mid-cap counters. Analysts said profit booking after recent gains and cautious global cues weighed on sentiment. Foreign institutional investors were also seen trimming positions, adding to volatility.
Traders are watching the 25,400–25,600 range on the Nifty as a key near-term zone. Despite the pullback from day’s highs, broader market breadth remained relatively stable.
Also Read: Sensex rises 560 points to 88,200, Nifty climbs to 25,580