Markets closed with marginal gains, metal index up 3%

The domestic share market indices recorded marginal gains to close in the green on Wednesday, with Sensex and Nifty snapping a four-session losing streak, amid value buying in beaten down stocks and strong buying in metal shares.At close, the Sensex gained 49.74 points or 0.07 percent to settle at 74,608.98, while the Nifty rose 33.05 points or 0.14 percent to 23,412.60.
Adani Enterprises, Tata Steel, Hindalco, Adani Ports and Bharat Electronics were the top gainers on the Nifty, while losers included M&M, Infosys, Tata Consumer Products, Bajaj Auto and Tech Mahindra. On the sectoral front,Metal stocks emerged as the top-performing sector, with the Nifty Metal index surging 3.18 percent. Oil & gas, infrastructure and consumer durable stocks also ended firmly higher, according to information.Broader market indices outperformed frontline benchmarks, with the Nifty Midcap 100 index gaining 0.77 percent and the Smallcap 100 index rising 0.31 percent.
Rupee Close:
On 13 May'26,the Indian rupee plunged 8 paise to close an all-time low of 95.71 against US dollar on Wednesday.Earlier, the rupee touched its lowest-ever intraday level of 95.80 against the US dollar, weakening for the fourth consecutive session on Wednesday due to elevated crude oil prices and fear of a prolonged global trade disruption amid the West Asia crisis.According to forex analysts, in the backdrop of surging crude oil prices, the government's move to raise import duties on gold and silver may not be enough to ease the overall demand for the safe-haven greenback.
Trading Guide:
Market experts recommended five shares to buy on Wednesday: R R Kabel, V2 Retail, Bajaj Consumer Care, Onesource Specialty Pharma, and Bliss GVS Pharma

(Business Correspondent)