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 calmer market environment. Nifty Media, Nifty Metal, Nifty PSU Bank, and Nifty Energy were among the top gainers for the day. Hindalco, Dr Reddy’s Laboratories, and Tata Steel were the top gainers in the Nifty 50 index, while ICICI Bank, Axis Bank, and Asian Paints were among the top losing stocks.

Overall, the market sentiment was optimistic, with 1635 stocks advancing compared to 589 stocks declining. This positive sentiment was reflected in various sectors and individual stocks, showcasing a strong performance across the board.

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