Mumbai, Feb 18 || The Indian equity benchmarks made considerable gains on Wednesday, even as selling of information technology stocks continued weighing on investor sentiments.
The strength in banking, metal, and FMCG stocks helped counterbalance sharp selling in the IT sector.
At the closing bell, Sensex gained 283 points, or 0.34 per cent to settle at 83,734. Nifty added 93 points, or 0.37 per cent, to close at 25,819.
The broader markets performed in line with benchmark indices, as Nifty Midcap 100 index added 0.50 per cent, while the NSE Smallcap 100 advanced 0.54 per cent. Nifty Next50 surged 0.67 per cent.
All sectoral indices traded in the green except Nifty IT down 1.23 per cent. Nifty FMCG, metal and PSU bank were the top gainers up 1.21 per cent, 1.33 per cent and 1.31 per cent.
Market breadth on the BSE was in the green, with 2,110 stocks advancing against 1,916 declining, while 166 remained unchanged. As many as 94 stocks hit fresh 52-week highs while 82 touched 52-week lows.