Stock Market Today LIVE: Indian equity benchmarks, the Sensex and Nifty 50, pared gains to turn flat on Wednesday, February 25 as index heavyweights RIL, SBI, ITC, HDFC Bank drag.
Early gains come after a sharp selloff in the previous session, as positive cues from global markets lift sentiment.
The Sensex rose as much as 682 points or 0.76% to its day’s high of 82,908.12 while the broader Nifty 50 advanced 201.65 points or 0.8% to 25,626.30.
However, it later turned flat. At 1:02 pm, the Sensex was up 58 points or 0.07% to 82,284 while the broader Nifty 50 advanced 45 points or 0.17% to 25,468.30.
Asian stocks traded higher, while U.S. equities closed in the green overnight, supported by gains in technology shares. In overnight deals, US stock market ended higher on Tuesday, led by a rally in software stocks. The Dow Jones Industrial Average gained 370.44 points, or 0.76%, to 49,174.50, while the S&P 500 rallied 52.32 points, or 0.77%, to 6,890.07. The Nasdaq Composite closed 236.41 points, or 1.05%, higher at 22,863.68.
Meanwhile, The US has ordered the biggest military buildup in the Middle East since the second Gulf war in 2003, including two aircraft carriers. The US is adding even more assets to the region, deploying 12 stealth F-22 fighter jets to Israel, according to CNN, which cited a defense official.
Among precious metals, Gold and silver prices were broadly unchanged on Wednesday.
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