Indian stock markets closed on a positive note on Wednesday. The dollar's upward momentum paused, and bond yields decreased in response to U.S. producer prices rising slightly less than anticipated for December. This development provided temporary relief to investors concerned about inflation and interest rates.
Despite the positive market movement, gains were limited due to persistent worries about slowing corporate earnings growth, ongoing foreign fund outflows, and uncertainties surrounding tariff threats from U.S. President-elect Trump.
Investors were also focused on the release of a more significant report on U.S. consumer price inflation, expected later that day, which would offer further insight into the Federal Reserve's interest rate trajectory in the months ahead.
The key S&P BSE Sensex increased by 224.45 points, or 0.29%, closing at 76,724.08, while the broader NSE Nifty index rose 37.15 points, or 0.16%, to conclude at 23,213.20.
The BSE mid-cap and small-cap indices saw gains of 0.1% and 0.3%, respectively.
Market sentiment was generally positive, with 2,142 stocks advancing, 1,807 declining, and 115 remaining unchanged.
Among the Nifty pack, Maruti Suzuki India, Kotak Mahindra Bank, Power Grid Corporation, Trent, and NTPC recorded increases of 2-4%. In contrast, shares of Shriram Finance, Bajaj Finance, Bajaj FinServ, Axis Bank, and Mahindra & Mahindra fell by 2-3%.
The material has been provided by InstaForex Company -
www.instaforex.com
