27 May,2026 05:34 PM IST | Mumbai | mid-day online correspondent
Nifty ends near 23,900 while Sensex slips on Wednesday (Representational image)
Domestic equity markets closed on a mixed and range-bound note on Wednesday as investor sentiment remained cautious amid continued foreign institutional investor (FII) selling and global uncertainty linked to developments in West Asia.
As per ANI, the NSE Nifty 50 index on Wednesday closed at 23,907.15, down 6.55 points or 0.03 per cent, while the BSE Sensex ended at 75,867.80, declining 141.90 points or 0.19 per cent.
While NSE indices closed with a mixed trend on Wednesday, the Nifty Auto emerged among the top gainers with a rise of 1.77 per cent, while Nifty Media surged more than 3 per cent and Nifty Metal gained 1.68 per cent. Nifty Pharma also ended higher by 0.22 per cent, and Nifty PSU Bank gained 0.27 per cent.
As per ANI, among the sectors that closed lower, Nifty Financial Services declined 0.73 per cent, Nifty Private Bank fell 0.40 per cent, Nifty Oil and Gas slipped 0.21 per cent, while Nifty FMCG and Nifty IT declined 0.11 per cent and 0.12 per cent respectively.
While the Indian rupee traded largely stable at Rs 95.63 against the US dollar, gold prices also remained under pressure and declined 0.33 per cent to Rs 1,57,100 per 10 grams of 24-karat gold. Silver prices slipped 0.82 per cent to Rs 2,68,400 per kg.
Furthermore, on the commodities front, Brent crude oil prices continued their downward trend and remained below the USD 100 per barrel mark. However, prices were still elevated compared to historical averages and were trading around USD 96 per barrel at the time of filing this report, as per ANI.
Among other Asian markets, Japan's Nikkei 225 index closed 0.52 per cent higher at 65,334, while Taiwan's weighted index gained 1.65 per cent to close at 44,256. South Korea's KOSPI index surged more than 2 per cent to close at 8,228. However, Hong Kong's Hang Seng index declined 1.12 per cent to 25,316, while Singapore's Straits Times remained closed due to a holiday.
Vinod Nair, Head of Research at Geojit Investments, said, "Main indices remain range-bound, while midcaps have entered a new zone supported by recovering domestic inflows that are offsetting FII selling. This shift reflects expectations of an earnings and valuation reset as prospects for US-Iran peace improve," as cited by ANI.
He further added that even if the first quarter of FY27 remains soft, India's broader macroeconomic fundamentals remain strong, and one weak quarter is unlikely to significantly change the long-term outlook.
(With inputs from ANI)
