Sensex breaks 5-day losing streak, rising 574-pts Nifty reclaims 17100

On Wednesday, Indian equity indices finished higher, snapping a five-session losing streak, boosted by gains in automobile and energy stocks. In addition, after falling for eight straight sessions, information technology (IT) equities have recovered.

The BSE Sensex finished 574 points higher, or 1.02 percent, at 57,038, while the broader NSE Nifty closed 178 points higher, or 1.05 percent, at 17,137. The Nifty Midcap 100 index rose 0.75 percent, while the small-cap index fell 0.18 percent, resulting in a mixed finish.

The NSE's 15 sector indicators all finished in the green. The Nifty Auto, Nifty Oil & Gas, and Nifty IT sub-indices all exceeded the index, advancing 2.20 percent, 1.94 percent, and 1.16 percent, respectively, to surpass the index. The highest Nifty gainer was BPCL, which rose 4.23 percent to Rs. 391.75. Tata Motors, Shree Cement, Eicher Motors, and Maruti Suzuki were all winners.

On the BSE, the overall market breadth was marginally positive, with 1,764 shares rising and 1,629 falling.  The top gainers on the BSE Sensex were UltraTech Cement, Maruti, Reliance Industries, Asian Paints, TCS, Hindustan Unilever, and Bharti Airtel.

Today's closing prices for HDFC Housing and HDFC Bank were also higher. HDFC Bank closed at 1,354.65, up 0.84 percent. Bajaj Finance, ICICI Bank, Bajaj Finserv, Tata Steel, ITC, L&T, PowerGrid, SBI, and Axis Bank, on the other hand, all ended up in the red.

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