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Stock Market News: The two key equity benchmarks, Sensex and Nifty, on Wednesday closed in the green amid selling pressure in information technology (IT) stocks. The S&P BSE Sensex, which gained over 350 points intraday to reclaim the 74,000-mark, ended at 73,853, up 114 points. On the other hand, the NSE Nifty50 closed at 22,402, rising 34 points.
Stock update
On the 30-share Sensex platform, JSW Steel, Tata Steel, PowerGrid, Koatak Bank, UltraCemco, NTPC emerged gainers. On the downside, TechM, TCS, Maruti, Infosys, Reliance, Titan were among the losers.
In the broader markets, the BSE MidCap and SmallCap indices outperformed the benchmarks by settling 0.92 per cent and 0.79 per cent higher, respectively. The Smallcap index hit a fresh record high during the day.
Sectoral update
Sectorally, apart from Nifty IT index, the Nifty PSU Bank, and Auto indices also edged lower, falling up to 0.23 per cent. Nifty Metal index advanced nearly 2.7 per cent.
In the previous session on Tuesday, the BSE benchmark closed 90 points higher at 73,738, while the NSE Nifty50 ended 32 points up at 22,368.
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