Stock Market Highlights
: Indian equity benchmarks BSE Sensex and NSE Nifty50 ended lower for the third consecutive session on Wednesday with Nifty below 17,500. At close, the Sensex was down 237.44 points or 0.41 percent at 58,338.93, and the Nifty was down 54.60 points or 0.31 percent at 17,475.70. Losses in IT and select financial stocks pulled the headline indices lower, though gains in oil & gas and metal shares lent some support. Maruti Suzuki, HDFC, HDFC Bank were among the top drags while ONGC, Apollo Hospitals, ITC, Sun Pharma and UPL gained. Broader markets strengthened, with the Nifty Midcap 100 and Nifty Smallcap 100 indices rising around one percent each. Investors awaited more of quarterly earnings reports from India Inc. Infosys is scheduled to report its financial results for the March quarter later in the day. Globally, news flow on the Russia-Ukraine war and rising COVID cases in China remained on investors’ radar.