Sensex ends above 31,800, Nifty over 9,800 for first time ever; ONGC up 2%

Broader market outperformed the benchmark indices with S&P BSE Midcap gaining over 1%

Benchmark indexes ended marginally higher but eked out to record closing highs on Wednesday with Nifty50 ending above the 9,800 mark for the first time ever led by oil & gas and energy stocks, which rose on the back of higher crude prices. Gains were however capped as investors remained on edge ahead of the June CPI data.
 
June CPI is expected to have cooled to a record low of 1.7%, according to a Reuters poll, easing further from May's 2.18%. A lower inflation for the month of June will intensify the pressure on RBI to cut rates in