The Indian stock market closed Wednesday’s session, February 25, on a higher note, albeit with modest gains, as key indices erased most of their opening gains to settle near the day’s low. IT stocks saw a sharp relief rally after a brutal sell-off in the previous session triggered by AI disruption fears.
Metal and auto stocks also supported the indices, offsetting losses in PSU Bank and FMCG counters, with the Nifty 50 eventually settling 0.23% higher at the 25,482 level, while the Sensex remained largely unchanged at the 82,274 level.
The broader markets, however, outperformed the frontline indices, with the Nifty Midcap 100 surging 0.60%, while the Nifty Smallcap 100 index closed even higher by nearly 1%, indicating that the market breadth decisively turned in favour of the bulls.
(more to come)