Indian equity markets extended their winning streak for the fourth consecutive session on Wednesday but gave up early gains due to late selling. The Nifty retreated over 150 points from its intraday high to end nearly flat at 25,879, while the Sensex closed just 12 points higher at 84,478.
The Nifty Bank index outperformed, hitting a fresh intraday record before finishing 107 points higher at 58,382. However, the Midcap index lagged, slipping 210 points to 60,692. Market breadth stayed weak, with only two stocks advancing for every three declines on the NSE.
Among major movers, Asian Paints surged 4 percent to lead the Nifty gainers following strong Q2 results. Samvardhana Motherson also rose over 4 percent, while Eicher Motors dipped more than 1 percent post-earnings. Tata Steel lost 1 percent amid worries over its UK business and rising losses.
Groww continued its post-listing rally, climbing 4 percent, while Prestige Estates, Honasa Consumer, and Data Patterns advanced after upbeat quarterly numbers. Lupin gained about 1 percent after receiving the USFDA’s EIR for its Aurangabad plant.