Mumbai. Domestic stock markets closed with slight gains on Wednesday due to profit booking at upper levels amid positive global cues. Sensex recorded a rise of 50 points while Nifty recorded a rise of 58 points. BSE’s benchmark index Sensex based on 30 shares closed at 82,276.07 points, up 50.15 points or 0.06 percent. At one time during trading it had climbed 731.99 points to reach 82,957.91 points.

At the same time, NSE’s 50-share standard index Nifty closed at 25,482.50 points with a gain of 57.85 points or 0.23 percent. Among Sensex companies, shares of HCL Tech, Tata Steel, Tata Consultancy Services, InterGlobe Aviation (Indigo), Sun Pharma, Mahindra & Mahindra, Maruti Suzuki and Tech Mahindra closed higher. On the other hand, shares of Reliance Industries, State Bank of India, Adani Ports and Eternal (Zomato) remained in decline.

Ponmudi R., Chief Executive Officer (CEO) of online trading firm Enrich Money. Said, “The domestic market started on a strong note due to positive global cues and a surge in US technology stocks. But this gain was limited due to profit-booking at upper levels and global trade concerns.” Among other markets in Asia, South Korea’s Kospi, China’s Shanghai Composite, Japan’s Nikkei and Hong Kong’s Hang Seng closed with significant gains.

European markets were trading in positive territory in the afternoon session. American markets closed with gains on Tuesday. Foreign institutional investors (FIIs) made net sales of Rs 102.53 crore on Tuesday, while domestic institutional investors (DIIs) bought shares worth Rs 3,161.22 crore. Global oil benchmark Brent crude fell 0.14 percent to $70.67 per barrel. On Tuesday, Sensex closed 1,068.74 points down at 82,225.92 points and Nifty closed at 25,424.65 points with a loss of 288.35 points.