Indian indices edge higher, led by telecom, tech, and auto stocks.
The domestic equity benchmarks ended a volatile session positively, led by gains in specific sectors. After scaling over 400 points daily, the BSE Sensex finished 89 points higher at 73,738. Whereas the Nifty 50 index rose 32 points to settle at 22,368.
Strong buying interest was witnessed in telecom, technology, and consumer durables names. Bharti Airtel, HCL Tech, and Maruti Suzuki were among the top contributors to the indices.
However, late selling pressure in heavyweight Reliance Industries restricted the major upside. The conglomerate slumped over 1% due to profit booking, analysts said.
Sun Pharma, Mahindra & Mahindra, JSW Steel, and Tech Mahindra also dragged with their losses.
Broader markets outperformed their larger peers, with the midcap and smallcap indices rising fractionally.
Global cues were supportive after US markets ended in the green overnight. Major Asian indices closed on a mixed note, while European stocks traded with gains in early sessions.
Analysts noted that auto, FMCG, and pharma counters witnessed selling, but buying momentum in the IT, telecom, and capital goods space helped benchmarks maintain headway.
