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Stock Market LIVE: Indian stock markets were lackluster in trade for most of the session on Wednesday amid no major triggers. Fag-end recovery, however, led by consumption (FMCG) plays helped benchmarks settle higher.
The BSE Sensex, which gyrated in a band of 326 points, ended at 80,905, up 102 points or 0.13 per cent. The Nifty, too, settled 71 points or 0.29 per cent higher at 24,770.
Titan, Asian Paints, ITC, HUL, Bajaj Finserv, Nestle India, Adani Ports, and JSW Steel were the top Sensex gainers today, rising in the range of 1 per cent to 2.5 per cent.
Ultratech Cement, Tech M, Tata Steel, Power Grid, HDFC Bank, SBI, HCL Tech, and ICICI Bank, on the other hand, were the top laggards, down up to 1.6 per cent.
In the broader markets, the BSE SmallCap index stole the show as it advanced 0.87 per cent. The BSE MidCap index, meanwhile, rose 0.43 per cent.
Among sectors, the Nifty Realty index slipped 1.3 per cent, followed by the Nifty PSU Bank index (down 0.4 per cent). On the upside, the Nifty Media index gained 1.2 per cent, and the Nifty Pharma added 0.9 per cent.
Global Cues
Asian markets were trading lower, mirroring Wall Street. Hong Kong’s Hang Seng Index traded lower by 1.13 per cent, Japan’s Nikkei was down 0.62 per cent, South Korea’s Kospi fell 0.26 per cent, and China’s Shanghai Composite was down 0.93 per cent.
Overnight in the US, Wall Street’s major indices settled lower, halting their winning streak on Tuesday as investors awaited the Jackson Hole Economic Symposium, which gets underway on Thursday.
On Tuesday, the Nasdaq Composite settled lower by 0.33 per cent. The broader S&P 500 and the Dow Jones Industrial Average ended lower by 0.20 per cent and 0.15 per cent, respectively.
