Driven by strong global and domestic cues, the Indian market on Wednesday ended the session on a good note, but it was off the day’s high points. Frontline indices have now ended higher for the fourth straight session after seeing corrective moves in the past couple of weeks. Positive cues on the global markets, along with good cues domestically in terms of core sector data, among others helped Sensex end 170 points higher, while the Nifty ended above 9920-mark. After witnessing a flattish to positive opening, the market gained, possibly on hopes of positive announcements from the Reserve Bank of India’s (RBI) monetary policy committee (MPC) meeting’s outcome. Sensex had gained over 200 points intraday, while the Nifty had seen gains of almost 0.80 percent intraday.
In the broader markets, midcaps had a day of positive trade, but ended underperforming the benchmarks. Meanwhile, barring metals and IT, all sectoral indices ended the session with a green tick, with pharmaceuticals, energy and FMCG stocks being one of the top gainers.