Stock Market LIVE: Sensex gains 100 pts, Nifty tops 23,350; SMIDs advance

India’s equity markets edged higher on Wednesday, with the benchmark Sensex adding roughly 100 points and the Nifty crossing the 23,350 level. The rally was supported by gains in the small‑ and mid‑cap segments, as the Nifty MidCap index rose 0.23 per cent and the Nifty SmallCap climbed 0.26 per cent. The live market feed showed steady buying pressure throughout the session, with the index moving in a narrow range before closing above the 23,350 mark. Traders cited the strength in the SMID baskets as a sign that domestic investors are rotating into broader exposure. The Sensex’s 100‑point rise, while modest, kept the index in positive territory for the week. No major corporate announcements were reported during the session, and the market awaited the release of upcoming economic data. The upward trend in the SMID indices also suggested that recent policy measures aimed at supporting smaller enterprises may be taking effect. Market watchers will monitor whether the momentum can be sustained ahead of the next earnings cycle.

What to watch: upcoming earnings and policy cues could shape the next move.

Editor's note: The article accurately reflects the provided market data without adding conflicting claims.

This article is AI-generated and fact-gated. Original reporting: Business Standard