Stock Market Update: Sensex and Nifty Close Higher on Wednesday

The stock market saw a positive trend on Wednesday, with both the Sensex and Nifty closing higher. Sensex closed at 71,060.31 level, up by 0.98%, while Nifty closed at 21,453.95 level, up by 1.01%. The broader market also performed well, with Nifty Midcap surging by 1.83% and Nifty Smallcap soaring by 1.72%.

Market volatility, as indicated by India VIX, decreased by 3.21%, reflecting a decrease in market volatility. Nifty Media, Nifty Metal, Nifty PSU Bank, and Nifty Energy were among the top gainers, while stocks like Hindalco, Dr Reddy’s Laboratories, and Tata Steel performed well.

Overall, the market sentiment was optimistic, with 1635 stocks advancing compared to 589 stocks declining. This positive trend was seen throughout the day, with various sectors showing gains and minimal underperformance.

Investors are advised to stay updated with the market trends and consider profit-making ideas recommended by DSIJ’s ‘Flash News Investment’ weekly Newsletter. Download the service details for more information.