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Domestic equity markets edged higher in Wednesday’s intra-day trade amid mixed global cues, falling crude prices, and strong domestic flows.
Frontline indices Nifty50 climbed over 50 points to trade above 17,550 levels, whereas the S&P BSE Sensex surged over 250 points to trade at 59,212 levels.
The strength was spilled across broader markets as Nifty MidCap 100 and Nifty SmallCap 100 advanced up to 0.3 per cent. Volatility gauge, India VIX, meanwhile, slipped over 1 per cent.
Sectorally, Nifty FMCG, Nifty Realty, and Nifty Bank indices led the charge as they surged up to 0.4 per cent. However, Nifty IT, Nifty Pharma, and Nifty Metal indices declined in the range of 0.2-0.5 per cent.
Among individual stocks, shares of Bharat Electronics gained over 1 per cent after the company inked pact with defence PSU Munitions India.
Besides that, profit-booking was seen in L&T Technology Services after shares declined over 2 per cent post upbeat Q2FY23 performance.
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