An evening walk down Dalal Street

The S&P BSE Sensex erased most of its intraday gains and ended marginally higher on Wednesday. The Nifty50 was able to close above 10,850 helped by gains in IT stocks.

The S&P BSE Sensex rose up 46.64 points to close at 35,739.16, and the Nifty50 gained 13.85 points to end at 10,856.70.

The broader market indices underperformed, with BSE Midcap & BSE Smallcap ending with losses of 0.5 percent and 0.2 percent respectively.

Consumer Durables, IT & Banks were top gainers whereas Capital Goods, FMCG, Telecom, and Power closed in the red. Amongst the global indices, European markets were trading higher, while Asian markets closed on a mixed note.