Benchmark indices rise driven by IT stocks, while broader markets face selling pressure; market breadth remains negative.

BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in green on Wednesday. While BSE Sensex was above 76,100, Nifty50 was near 23,100.

The main drivers of the market are IT stocks, even when the broad-based performance is under selling pressure. Consumer durables, realty, oil & gas, media and metal stocks are in deep red. The performance comes after Sensex and Nifty crashed by 2% each in the previous session,

BSE Sensex and Nifty50, the Indian equity benchmark indices, tanked in trade on Tuesday. While BSE Sensex crashed over 1,300 points, Nifty50 went below 23,000 briefly.

The S&P BSE Sensex was up 246.41 points to 76,084.77, while the NSE Nifty50 added 62.15 points to 23,086.80 as of 9:26 AM.

The Indian stock market opened on a positive note on Wednesday, with the Sensex gaining 366.08 points to open at 76,204.44, and the Nifty rising 87.60 points to start at 23,109.50.Despite the marginal uptick,

The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 23,161 level, a premium of nearly 60 points from the Nifty futures’ previous close.

Consumer durables, real estate, and mid and small cap financial services stocks pulled down the stock market during the early trading hours

The Indian equity market began the week on a positive note, with benchmark indices recovering all losses from the previous session, gaining 0.5 per cent. Financial, power, and telecom stocks led the rally.