Markets ended higher on Wednesday, with the Sensex rising 444 points and the Nifty closing above the 24,000 mark, supported by strong buying in banking and auto stocks despite mixed global cues.
The BSE Sensex settled at a higher level after a volatile session, while the Nifty 50 managed to reclaim and hold above 24,000, reflecting steady investor confidence in select heavyweights. Market sentiment was largely driven by sector-specific movements, with banking and automobile shares leading the gains.
Among the top gainers, Kotak Mahindra Bank and Tata Motors stood out, attracting strong buying interest through the session. Financial stocks saw renewed momentum on expectations of stable credit growth, while auto stocks gained on optimism around demand and healthy sales trends.
Other supporting stocks included select IT and pharma counters, which helped lift the broader indices. Positive movement in these sectors helped offset weakness in metals and select energy stocks.
On the losing side, metal stocks remained under pressure, tracking weak global cues and concerns over demand outlook. Profit booking was also seen in some commodity-linked counters, which capped broader market gains during intraday trade.
Broader markets showed mixed performance, with mid-cap and small-cap indices moving in a narrow range as investors awaited further global and domestic triggers. Analysts said caution persisted due to volatility in crude oil prices and ongoing geopolitical uncertainties.
Global factors, including movements in US markets and oil price fluctuations, continued to influence investor sentiment. However, domestic fundamentals such as steady corporate earnings and sustained institutional inflows provided underlying support to the market.
Also Read: Shankh Mitra second in global CEO pay