Stock market today: Domestic benchmark share indexes rose on Wednesday, led by gains in oil & gas, FMCG, and metal stocks. The Nifty index ended 111.05 points, or 0.49 per cent, higher at a record 22,753.8, after scaling an all-time high of 22,775.7 in the early trade while Sensex settled with gains of 354.45 points, or 0.47 per cent, at 75,038.15 ahead of the Id-Ul-Fitr (Ramzan Id) market holiday tomorrow, April 11.

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"Indian markets sustained their upward momentum, buoyed by a robust performance in the broader market, albeit slightly lagging behind its Asian and European counterparts. Investor attention remains fixated on the impending release of the FOMC minutes and US inflation data later today," Vinod Nair, Head of Research, Geojit Financial Services said. 

Among the widely-tracked Nifty 50 stocks, 32 stocks advanced while the rest 18 stocks slipped at a close. Coal India, BPCL, ITC, Kotak Bank, and Hindalco were among the notable gainers in Nifty 50 while HDFC Life, Cipla, Maruti Suzuki, and Divi's were the top losers on the Nifty50.

The Nifty Bank settled at a record 48,986.6, up 256.05 points or 0.53 per cent led by nine advancing stocks. 

The Nifty metals index closed at a record 8,999.6, up 1.18 per cent or 105.2, a record high closing for a third straight session on expectations of a demand rebound on the back of strong manufacturing data from the United States and China.

Meanwhile, broader indices Nifty SmallCap100 and Nifty Micap100 rose 0.73 per cent and 0.97 per cent respectively. 

"Following the release of strong US job data, market sentiments are inclined towards anticipation of spike inflation, thereby reducing the likelihood of a near-term rate cut. Additionally, Fitch's recent downgrade of China's credit rating could potentially reverberate through the global economy, warranting a caution," he added. 

Global Market 

European shares rose on Wednesday, led by gains in technology-related stocks ahead of a crucial inflation report out of the United States, while Barry Callebaut was on track for its best day in over five-and-a-half years following results.

The pan-continent STOXX 600 added 0.7 per cent by 0833 GMT, led by a 1.5 per cent gain in the technology sector following upbeat quarterly revenue from Taiwan chipmaker TSMC.

(with agency inputs)

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