Financials lead rise in Indian shares; small-, mid-caps volatile
![](https://portfolio.investmentguruindia.com/uploads/news/451ab6fcf93cf3e3e1417c4ad8d1bf85.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Indian shares edged up on Wednesday after a lacklustre start, led by gains in financials and energy stocks as investors bet on large-cap companies amid heightened volatility in small- and mid-caps after a record run.
The Nifty 50 index rose 0.38% to 20,070, while the S&P BSE Sensex settled 0.37% higher at 67,466.99.
The more domestically-focussed small-caps and mid-caps were volatile, swinging between gains and losses after logging their steepest intraday fall this year in the previous session.
Small-caps climbed 1.02% at the close, while mid-caps added 0.19%, after falling more than 1% each earlier in the session.
"Retail inflows could shift to large-caps from small- and mid-caps and support the blue-chips," said Saurabh Jain, assistant vice president of research at SMC Securities.
Financials and banks rose 0.41% and 0.87%, respectively, while energy stocks advanced 0.93% and public sector banks jumped 4.23%.
Meanwhile, the Reserve Bank of India revised investment classification and valuation norms for banks on Tuesday, which could reduce earnings volatility for lenders, analysts at Jefferies and Emkay Global Financial Services said.
Separately, SMC's Jain said the weakness in China could drive sustained foreign inflows into India, given the strong macroeconomic fundamentals.
Data released after the bell on Tuesday showed that India's retail inflation eased in August, while industrial output rose at its fastest pace in five months in July.
Among individual stocks, Coal India climbed 3.29%, topping the Nifty 50 index. Last week, the stock gained the most since listing, aided by the rising coal demand for power generation.
KEC International rose 2.69% and hit a record high after securing new orders.
NMDC gained 4.18% after brokerage ICICI Securities upgraded the stock, citing scope for volume growth.
Asian markets were subdued ahead of U.S. inflation data, due later in the day. [MKTS/GLOB]
![](https://portfolio.investmentguruindia.com/uploads/news/bharat22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/employment16.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Harry Bajaj-mobec.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/african22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/nirmalagdp22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/GDP117117.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/nirmalaS22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/GV_Sports.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/niramala22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/LTIMindtree Ltd.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/uploads/news/Shrey Jain.jpg)
Mid-Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker
![Nifty closed below its 5-day moving average support line for the first time in the last 30 trading sessions - Tradebulls Securities Pvt Ltd](https://portfolio.investmentguruindia.com/uploads/news/Tradebull Securities.jpg)
![Banking index performed in line with the benchmark index as it closed with 0.67% cut at 52265 level - Monarch Networth Capital Ltd](https://portfolio.investmentguruindia.com/uploads/news/Monarch networth.jpg)
![Bank Nifty started the week on a flat note and remained in a narrow range (52800-52100) throughout the week - Axis Securities Ltd](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)