Indian benchmark equity indices closed slightly higher on Wednesday after a volatile trading day. The Sensex rose by 0.07% to 74,608.98, with intra-day swings between 74,134.48 and 75,191.57. The Nifty settled at 23,412.60, up 0.14%, fluctuating between 23,262.55 and 23,582.95. Analysts noted 23,300 as a key support level and 23,500 as immediate resistance.
Top gainers in the Nifty included Asian Paints, Adani Enterprises, and Tata Steel, supporting the market amid volatility. Broader markets also saw gains, with the Nifty MidCap index up by 0.77% and the Nifty SmallCap index by 0.31%. Sector-wise, Nifty Metal, Nifty Oil and Gas, and Nifty Consumer Durable indices performed well, while Nifty IT, Nifty Auto, Nifty Bank, and Nifty Media indices faced declines.
Investor caution prevailed ahead of the US-China meeting, where trade issues were on the agenda. Geopolitical tensions in West Asia, especially concerning Iran, were also monitored closely. Market sentiment remained influenced by global cues, with a focus on clarity from the US-China summit on trade and geopolitical matters.
