Market wrap: Nestle India, Infosys, Shriram Finance, HDFC Life top gainers and losers on Nifty and Sensex on Wednesday

The Nifty 50 fell 99 points, or 0.44%, to settle at 22,623, while the BSE Sensex declined 252 points, or 0.34%, to close at 72,782.

Broader markets also traded lower, with the Nifty Smallcap 100 falling 0.32% and the Nifty Midcap 100 slipping 0.08%.

On the sectoral front, the Nifty IT and Nifty FMCG indices rose more than 1% despite the subdued market sentiment. The Nifty Pharma index, meanwhile, fell over 1%, leading the sectoral losses.

Overall market breadth on the NSE remained positive, with 2,024 stocks advancing, 1,537 declining, and 106 unchanged.

Here are today’s top gainers on the Nifty

The Nifty 50 ended lower after failing to sustain an early move above the 22,700 zone. Profit booking dragged the index towards 22,550, where some buying interest emerged, limiting further losses.

According to Ponmudi R, CEO of Enrich Money, 22,800 remains the key resistance on the upside. A sustained breakout above this level could extend the recovery towards the 23,000 mark.

“On the downside, 22,600–22,500 remains the immediate support zone. A sustained break below this range could trigger renewed selling pressure and weaken the near-term recovery structure,” said Ponmudi.

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