Sensex, Nifty Edge Up in Volatile Trade; IT Stocks Plunge 6% Amid AI Concerns

• Indian benchmark indices, Sensex and Nifty, closed marginally higher in a volatile session on Wednesday.
• The Sensex gained 78.56 points (0.09%) to 83,817.69, and the Nifty rose 48.45 points (0.19%) to 25,776.
• IT stocks, including Infosys, TCS, and Wipro, tumbled 6% due to concerns over AI-driven disruptions, capping overall market gains.
• Gains in sectors like auto, energy, consumer durables, and PSU, along with strong performance from ONGC, Eternal, and Trent, supported the Nifty.
• Broader markets (Nifty Midcap and Smallcap) outperformed frontline indices, indicating continued investor risk appetite.