Sensex pares gains ahead of F&O expiry, broader markets underperform

Index heavyweight RIL soaring above 7-year high, and positive Asian markets capped the losses

Extending gains for the sixth straight session, the benchmark indices on Wednesday continued to trade higher thanks to over 10% surge in index heavyweight Reliance Industries, while globally, positive trend seen in Asian markets also contributed to the gains.  

However, index heavyweight Reliance Industries soaring above 8-year high, and positive trend seen in Asian markets capped the losses. 

At 02:24 pm, the S&P BSE Sensex was trading at 28,812, up 51 points, while the broader Nifty50 was ruling at 8,911, up 4 points. 

The broader market underperformed the frontline indices with BSE Midcap and BSE Smallcap indices shedding 0.6%