On Wednesday, the Indian bourses closed the day in green with the Nifty 50 opening at 23,632.90, reaching a high of 23,862.25, and closing at 23,777.80, up 0.83%. Similarly, the BSE Sensex opened at 76,367.55, reached a high of 77,000.22, and ended at 76,704.13, up by 0.83%.The Indian share market traded in the green following positive cues from broader Asian and U.S markets, a drop in crude prices, and ahead of the FOMC meeting today.Reasons for the positive sentimentThe following are the reasons for the positive sentiment in the stock market:Value buying across sectors such as IT and Pharma. Decline in crude oil prices eased inflationary pressures on Indian markets.India VIX dropped by 4.85% to 18.84, indicating market stability.Major Indices Today IndicesLTPPrev closeChangeNifty 5023,777.8023,581.150.83%BSE Sensex76,704.1376,070.840.83%Next 5065,668.5065,021.600.99%Bank Nifty55,326.0554,876.000.82%Fin Nifty25,927.3525,724.650.79% The major indices, Nifty 50 and Sensex, traded higher, led by gains in Banking and IT stocks.Nifty Next 50 traded in green amid gains in IT and Pharma stocks.Nifty Bank traded in green amid a decline in crude oil prices, which lessened inflationary pressures.Sectoral Indices Today IndicesLTPPrev closeChangeNifty IT29,559.3028,760.902.78%Nifty Auto25,598.8525,117.101.92%Nifty FMCG48,079.0048,104.45-0.05%Nifty Pharma22,632.6022,597.550.16%Nifty Healthcare14,469.8014,439.950.21%Nifty Oil & Gas11,196.9011,127.250.63% Nifty IT traded in green amid broader market sentiment and bargain buying.Nifty Auto traded higher after Audi India’s Brand director said that he sees free trade agreements (FTAs) signed by India with the UK and the European Union are broader catalyst for attracting foreign direct investment (FDI) and boosting manufacturing in India.Nifty FMCG traded lower amid selling pressure following the recent recovery.Nifty Pharma traded in green amid positive market sentiment.Nifty Oil and Gas traded higher after the Indian vessel Jag Laadki arrived at Adani's Mundra port in Gujarat carrying approximately 80,886 metric tonnes of crude oil from the UAE.Market Movers Today PVR Inox shares rose by 2.5% ahead of the release of Dhurandhar's sequel, on expectations that the movie could become India's biggest box-office grosser. MCX shares dropped by 3% after the NSE official launched gold 10 gm futures contracts.Hexaware Technologies shares rose 5% after the launch of ‘Agentverse’, its enterprise AI agent platform with over 600 ready-to-deploy AI agents.SpiceJet shares dropped by 3% after the Directorate General of Civil Aviation (DGCA) mandated airlines to offer at least 60% of seats on all flights without any selection charge. Top Gainers Company NameLTPPrev CloseChangeWaaree Energies3,184.802,883.1010.46%Angel One236.21216.988.86%Premier Energies869.60811.207.20%KPIT Technologies688.25653.705.29%NBCC88.4483.136.39% Top Losers Company NameLTPPrev CloseChangeVedanta679.00699.35-2.91%MCX2,603.102,671.80-2.57%Solar Industries13,699.0014,034.00-2.39%NALCO387.65395.15-1.90%Coal India455.20462.25-1.53% 52W High Stocks Company NameLTP52W highChangeKarnataka Bank231.88238.242.53%Jindal Poly Films1,007.351,012.903.87%Aeroflex Industries247.77262.40-1.59%Wheels973.25994.002.02%Divine Power Energy388.00395.257.97% 52W Low Stocks Company NameLTP52W lowChangeCipla1,268.501,264.60-1.05%Gujarat State Petronet258.30257.25-2.60%Kansai Nerolac Paints175.01173.000.74%Galaxy Surfactants1,730.201,666.302.19%FDC337.05331.00-1.03% High Volume Stocks Today Company NameLTPPrev CloseChangeVodafone Idea9.449.252.05%Yes Bank18.9418.641.61%Suzlon Energy42.0641.271.91%Eternal242.54234.633.37%Tata Steel195.41195.43-0.01% IPOsGSP Crop Science IPO closed today. The price band set for the IPO was from ₹304 to ₹320 per share.Allotted todayInnovision shares allotted today. Investors can check their allotment status on the BSE and NSE websites.Raajmarg Infra Investment Trust shares allotted today. Investors can check their allotment status on the BSE and NSE websites.Market AnnouncementsAxis Bank shares rose by 2% after the bank said it will invest ₹1,500 crore in its consumer lending arm, Axis Finance.Urban Company shares dropped 2.76% after Wellington Management Company and DF International Partners exited the company via open market transactions on March 17.
