Markets continue uptrend: Nifty above 25,300, Sensex up 300 points; new listings close in the green

Indian equity benchmarks closed Wednesday’s session in the green for the second session. The Nifty 50 closed the day 91 points or 0.36% higher at 25,330, and the Sensex surged 310 points or 0.38% to end at 82,694.

In line with the benchmarks, the Nifty Bank settled 345 points or 0.36% higher at 55,493. The small and midcap stocks underperformed the benchmarks. The BSE Midcap rose 86 points, or 0.19%, at 46,742. On the other hand, the BSE Smallcap finished 277 points or 0.51% higher at 54,537.

Despite the range-bound move, underlying sentiment remains supported by optimism around policy reforms and robust domestic flows. However, persistent FII selling and caution ahead of the U.S. Fed policy outcome capped the momentum. On the index front, the Nifty is now inching towards the 2