Stock market today: The Indian stock market ended in the green on Wednesday, 29 April, but retreated sharply from the day’s highs as investors booked profits at elevated levels, triggering a sharp reversal in the benchmark indices during the second half of the session.
The day, which began on a flat note, gathered momentum in early trade, buoyed by a strong rally in auto and stocks. However, the market could not sustain the pace as the session progressed, giving up most of its gains to end with marginal advances.
The Nifty 50 slipped 170 points from the day’s high to settle at 24,164, up 0.70% from the previous close. Meanwhile, the Sensex erased 462 points from its intraday high to conclude the session with a gain of 0.82%, closing at 77,520.
The broader market also displayed a similar trend, with both the Nifty Midcap 100 and Nifty Smallcap 100 giving up most of their intraday gains to end the session on a mixed note.
(more to come)