The markets staged a strong comeback on Wednesday, where the BSE Sensex surged more than 450 points during the session, while the NSE Nifty reclaimed the 24,000 mark. Buying was broad-based, led by automobile, consumer and pharmaceutical stocks, even as investors continued to monitor geopolitical developments and the progress of the monsoon.
Among the biggest gainers on the Sensex were Tata Motors, Trent, Mahindra & Mahindra, Sun Pharma and Larsen & Toubro. Their gains reflected renewed investor interest in auto and healthcare stocks following encouraging business updates and improved market confidence.
On the losing side, Kotak Mahindra Bank, Eternal, Asian Paints and a few select financial stocks traded in the red as investors booked profits after recent gains.
The broader market also remained upbeat, with the Nifty Midcap and Smallcap indices trading higher, indicating that buying interest extended beyond heavyweight stocks. Most sectoral indices ended in positive territory, with auto, pharma and capital goods leading the advance.
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