Indian benchmark indices opened lower on Wednesday, following the trend set by other Asian markets, as positive U.S. economic data raised expectations of fewer rate cuts from the Federal Reserve. The BSE Sensex was down by 150 points,

The trends on Gift Nifty also indicate a tepid start for the Indian benchmark index. The Gift Nifty was trading around 23,770 level, a discount of nearly 25 points from the Nifty futures’ previous close.

Most sectoral indices ended the session in the green, indicating broad-based buying across sectors. However, some pockets of weakness were seen in IT and metal stocks, with the IT index declining by 0.6% and Nifty Metal falling by 0.68% during the session.

Broad-based buying across sectors kept the market breadth firmly in favour of advances, with midcap stocks outperforming their larger counterparts. The Nifty added 92 points to close at 23,708, while the midcap index gained 502 points to end at 56,

Stock Market LIVE Updates | After a three-day rally, the markets paused on Friday, dropping more than half a percent. Analysts noted that this pullback seemed like a typical breather following the recent rebound and could continue until the Nifty surpasses the next resistance level at 24,