Kamal Ghorui
Equity benchmarks ended slightly higher on Wednesday after four straight sessions of losses, with buying in metal, energy and FMCG counters helping markets recover from sharp intra-day swings.The BSE Sensex settled 49.74 points, or 0.07 per cent, higher at 74,608.98, while the NSE Nifty50 gained 33.05 points, or 0.14 per cent, to close at 23,412.60.Markets remained volatile through the day, with the Sensex moving in a band of more than 1,000 points between an intra-day high of 75,191.57 and a low of 74,134.48 as investors weighed easing global pressure against concerns over crude oil prices, rupee weakness and continued foreign fund selling.Broader markets outperformed the benchmarks. The BSE MidCap Select index rose 0.90 per cent and the SmallCap Select index added 0.41 per cent.Here are the top gainers and losers of the day:
Nifty50 top gainers
- Asian Paints (+4.48%)
- Adani Enterprises (+3.86%)
- Tata Steel (+3.60%)
- Hindalco (+3.05%)
- Adani Ports SEZ (+2.94%)
- BEL (+2.83%)
- Cipla (+2.74%)
- Bharti Airtel (+1.85%)
- JSW Steel (+1.81%)
- L&T (+1.54%)
Nifty50 top losers
- Eicher Motors (-2.17%)
- M&M (-2.03%)
- Power Grid (-1.57%)
- Infosys (-1.51%)
- Tata Consumer (-1.44%)
- Bajaj Auto (-1.30%)
- Tech Mahindra (-1.29%)
- TCS (-1.20%)
- Kwality Wall’s (-1.15%)
- Sun Pharma (-1.14%)
BSE Sensex top gainers
- Asian Paints (+4.48%)
- Tata Steel (+3.60%)
- Adani Ports SEZ (+2.94%)
- BEL (+2.83%)
- Bharti Airtel (+1.85%)
- L&T (+1.54%)
- InterGlobe (+1.29%)
- ITC (+1.25%)
- Titan Company (+0.88%)
BSE Sensex top losers
- M&M (-2.03%)
- Power Grid (-1.57%)
- Infosys (-1.51%)
- Tech Mahindra (-1.29%)
- TCS (-1.20%)
- Kwality Wall’s (-1.15%)
- Sun Pharma (-1.14%)
- Bajaj Finserv (-0.92%)
- Eternal (-0.91%)
Analysts said the market witnessed selective bargain hunting after the recent correction, although the overall mood remained cautious due to global uncertainties and rising energy prices.“The rebound was also supported by relatively stable global cues, helping reduce immediate downside pressure. However, gains remained limited due to elevated crude oil prices, rising inflation concerns and continued FII outflows, which kept the overall market sentiment cautious and led to a selective, measured upmove rather than a strong, broad-based rally,” Gaurav Garg, Research Analyst at Lemonn Markets Desk, said, PTI quoted.Ajit Mishra, SVP-Research at Religare Broking Ltd, said metals, energy and FMCG stocks showed resilience, while pressure persisted in IT and automobile shares.Foreign Institutional Investors (FIIs) sold equities worth Rs 1,959.39 crore on Tuesday, according to exchange data, continuing the recent outflow trend.Brent crude slipped 0.5 per cent to USD 107.27 per barrel, though oil prices remained elevated amid geopolitical tensions.Investors also tracked domestic inflation data after India’s retail inflation in April rose to 3.48 per cent, driven mainly by higher prices of gold, silver jewellery and select kitchen items.Asian markets including Japan’s Nikkei 225, South Korea’s Kospi, Shanghai’s SSE Composite and Hong Kong’s Hang Seng ended in positive territory. European markets traded mixed, while US equities had closed mostly lower overnight.
