Indian equity benchmarks closed Wednesday’s trade on a lower note after a volatile trade. The index lost its five-day winning streak. The Nifty 50 closed the day 31 points or 0.12% higher at 25,108, and the Sensex jumped 137 points or 0.17% to end at 81,927.

In line with the benchmarks, the Nifty Bank settled 221 points or 0.39% lower at 56,018. The midcap stocks also surged in today’s trade. The BSE Midcap declined 344 points, or 0.74%, at 45,852.16. However, the BSE Smallcap finished 224 points or 0.42% lower at 52,966.61.

“National indices witnessed a volatile session, tempered by profit booking after a sharp rally. Investor caution dominated ahead of the Q2 earnings season, as market participants reassessed valuations and growth prospects. Sectoral trends were mixed — IT stocks outpe

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