Indian equity markets paused on Wednesday, a day after witnessing a sharp surge driven by the finalisation of the India–US trade agreement. The deal reduced tariffs on Indian goods to 18 percent from the earlier 50 percent, boosting investor confidence and easing a major uncertainty that had been weighing on market sentiment.

At 9:40 hours, the 30-share benchmark index was trading at 83785.9 up by 46.77 points or by 0.06 % and then NSE Nifty was at 25752.65 up by 25.1 points or by 0.1 %.

Sensex touched intraday high of 83867.38 and intraday low of 83119.95 The NSE Nifty touched intraday high of 25788.3 and intraday low of 25563.95

The top gainers of the BSE Sensex pack were NTPC Ltd. (Rs. 365.45,+1.92%), Mahindra & Mahindra Ltd. (Rs. 3593.15,+1.85%), Power Grid Corporation of India Ltd. (Rs. 287.70,+1.57%), ICICI Bank Ltd. (Rs. 1410.85,+1.53%), Larsen & Toubro Ltd. (Rs. 4099.00,+1.52%), among others.

The top losers of the BSE Sensex pack were Infosys Ltd. (Rs. 1559.90,-5.74%), Tata Consultancy Services Ltd. (Rs. 3061.00,-5.05%), HCL Technologies Ltd. (Rs. 1615.00,-4.65%), Mahindra & Mahindra Ltd. (Rs. 1639.00,-4.47%), Bajaj Finance Ltd. (Rs. 953.80,-1.14%), among others.

Oil&Gas index was at 28875.41 up by 522.52 points or by 1.84%. Oil India Ltd. (Rs. 511.45,+4.66%), Oil And Natural Gas Corporation Ltd. (Rs. 266.30,+3.58%), Indian Oil Corporation Ltd. (Rs. 171.00,+2.06%), Hindustan Petroleum Corporation Ltd. (Rs. 458.40,+1.64%), Bharat Petroleum Corporation Ltd. (Rs. 378.70,+1.46%),.

IT index was at 35326.59 down by -1823.47 points or by -4.91%. Persistent Systems Ltd. (Rs. 5885.05,-6.28%), LTIMindtree Ltd. (Rs. 5690.15,-5.78%), Infosys Ltd. (Rs. 1559.90,-5.74%), Coforge Ltd. (Rs. 1613.85,-5.67%), Cigniti Technologies Ltd. (Rs. 1583.35,-5.22%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 3528 , shares advanced were 2185 while 1156 shares declined and 187 were unchanged.