Mumbai, May 13: The Indian stock market showed signs of recovery on Wednesday, ending the day with modest gains amid mixed signals from global markets. This marked a break from the continuous decline observed over the past four days.
During the trading session, the Sensex rose by 49.74 points, or 0.07%, closing at 74,608.98. Meanwhile, the Nifty 50 increased by 33.05 points, or 0.14%, to finish at 23,412.60.
The 30-share BSE Sensex opened at 74,439.34, reaching an intraday high of 75,191.57 and a low of 74,134.48. The Nifty 50 started at 23,362.45, hitting a daily high of 23,582.95 and a low of 23,262.55.
Broader markets outperformed the major benchmarks, with the Nifty Midcap Index rising by 0.77% and the Nifty Smallcap Index gaining 0.31%.
Sector-wise, the Nifty IT sector experienced the most significant decline, dropping by 1.13%, followed by a 0.97% decrease in the Nifty Auto sector. Other sectors like Nifty Bank, Nifty Realty, and Nifty Media also saw declines. Conversely, the Nifty Metal sector surged by 3.18%, while Nifty Consumer Durables and Nifty Oil & Gas rose by 1.67% and 1.28%, respectively. Additionally, gains were noted in the Nifty Healthcare, Nifty FMCG, and Nifty Pharma sectors.
Among the top gainers in the Nifty 50 were Asian Paints, Adani Enterprises, Tata Steel, Hindalco, BEL, Adani Ports, and Cipla. In contrast, the biggest losers included Eicher Motors, M&M, Infosys, Tech Mahindra, Sun Pharma, PowerGrid, and TCS.
The total market capitalization of BSE-listed companies increased from ₹456.3 lakh crore in the previous session to approximately ₹458.6 lakh crore, resulting in a gain of over ₹2 lakh crore for investors in just one session.
My name is Bhupendra Singh Chundawat. I am an experienced content writer with several years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
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