In broader terms, the market sentiment remained negative
BBN Bureau
Mumbai: Stock markets experienced significant volatility on Wednesday as investors rushed to adjust their positions ahead of the announcement of the US Federal Reserve policy decision scheduled for release tonight.
The S&P BSE Sensex closed at 72,102 points, recording a modest gain of 90 points (0.12 per cent) after surging up to 728 points intraday. Similarly, the Nifty50 traded within the range of 21,710 and 21,931 levels before settling at 21,839, marking an increase of 22 points (0.1 per cent).
The markets closed with a marginal gain, buoyed by positive global cues and reports of a 20 per cent surge in direct tax collections, as noted by Vinod Nair, Head of Research at Geojit Financial Services.
In broader terms, the market sentiment remained negative, with approximately 2,220 stocks witnessing declines while only 1,600 scrips moved up on the BSE.
Today’s top Sensex gainers included Maruti Suzuki, Nestle India, Power Grid, ITC, Tech M, Reliance Industries, Bajaj Finance, and SBI, whereas Tata Steel, Tata Motors, Axis Bank, HDFC Bank, HUL, JSW Steel, and HCL Tech emerged as the top laggards.
In the broader markets, the BSE MidCap index saw a marginal increase of 0.05 per cent, while the SmallCap index dipped by 0.14 per cent.
Furthermore, in sectoral performance, the Nifty Metal index witnessed a decline of 0.88 per cent, whereas the Nifty FMCG index rose by 0.5 per cent.
