Indian shares witnessed modest gains on Wednesday, driven primarily by the IT, real estate, and FMCG sectors.
Global market signals were mixed, as investors anticipated earnings reports from AI chip leader Nvidia and awaited the release of the Federal Reserve's recent meeting minutes. Given the recent hawkish remarks from multiple Federal Reserve officials, these minutes could provide further insights into their stance on future interest rates.
Oil prices saw a decline of over 1 percent in European markets due to demand concerns, which somewhat bolstered investor confidence.
The benchmark S&P BSE Sensex concluded the session with an increase of 267.75 points, or 0.36 percent, closing at 74,221.06. Meanwhile, the broader NSE Nifty index climbed by 68.75 points, or 0.31 percent, to settle at 22,597.80.
In the Nifty pack, Reliance Industries, Coal India, Hindustan Unilever, Tata Consumer Products, and Cipla saw gains of 2-3 percent. Conversely, Hero MotoCorp, Hindalco, Apollo Hospitals Enterprise, and Shriram Finance all experienced declines of over 1 percent.
