Stock Market Highlights: Sensex ends below 77,000 after recovering from intraday lows, Nifty50 below 24,000; crude oil prices hit multi-year highs

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Indian benchmark indices staged a strong recovery on Wednesday, with the Sensex surging nearly 610 points and the Nifty closing comfortably above the 24,100 mark. The rebound was driven by value buying in FMCG, automobile and telecom stocks, supported by optimism around corporate earnings and a positive trend across Asian markets.

After a choppy trading session, the 30-share BSE Sensex ended 609.45 points higher, or 0.79%, at 77,496.36. During intraday trade, it had climbed as much as 1,095.6 points, or 1.42%, to touch a high of 77,982.51.

The NSE Nifty50 also advanced, gaining 181.95 points, or 0.76%, to settle at 24,177.65.

Among the top performers in the Sensex pack were ITC, Tech Mahindra, Maruti Suzuki, Reliance Industries, Bharti Airtel and Mahindra & Mahindra.
On the other hand, InterGlobe Aviation, NTPC, Bajaj Finserv and ICICI Bank ended the session among the notable losers.

Maruti Suzuki rose 2.82% after the country’s largest carmaker reported its highest-ever annual consolidated net profit of Rs 14,679.5 crore for FY26. This represented a year-on-year increase of 1.24%, supported by record annual sales of more than 24.22 lakh vehicles, aided by a reduction in GST rates.
The broader market also showed strength. The BSE SmallCap Select index gained 0.75%, while the MidCap Select index slipped 0.49%.

Among sectoral indices, FMCG emerged as the biggest gainer, rising 1.57%. It was followed by Realty, up 1.42%, Telecommunication, which advanced 1.28%, Energy, which climbed 1.14%, and Auto, which added 1.02%. The MidSmall Private Banks Quality Tilt index and the IT index also posted gains of 0.83% and 0.81%, respectively.

On the losing side, Utilities fell the most, declining 1.22%. Power dropped 1.05%, while Consumer Durables, Hospitals, PSU Banks and Bankex also ended lower, slipping 0.43%, 0.42%, 0.42% and 0.07%, respectively.

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