The equity benchmarks witnessed consolidation throughout the session on Wednesday, ahead of F&O expiry for the month of June. First half of trade was negative with modest losses on weak global cues and the Nifty struggled at the 5300 level. However, the Nifty managed to hold 5300 in the last couple of hours.
Telecom, healthcare, realty, FMCG, cement, private financial and select technology companies' shares were on the buyers' radar. However, selling in heavyweights like L&T, NTPC, Reliance Industries, ONGC and SBI capped the gains. Jindal Steel, Sterlite, Reliance Power, HCL Tech, Wipro, Tata Motors, Kotak Mahindra Bank, IDFC and M&M were the other losers in trade.
The 30-share BSE Sensex closed at 17,755.94, up 6.25 points and the 50-share NSE Nifty rose 6.60 points to 5323.15. The Nifty June futures ended at 17 points premium and July futures at 25 points premium, as per provisional data.
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