New Delhi, April 29 -- Shares of MIC Electronics, a small-cap stock trading below Rs.50, rallied nearly 10% on Wednesday, April 29, tracking a strong upmove across domestic equities.

The broader market witnessed firm buying interest, with benchmark indices gaining sharply on the back of strength in frontline stocks and supportive global cues. Asian markets largely moved higher despite overnight weakness on Wall Street. Meanwhile, oil prices edged lower after reports that the United Arab Emirates would exit OPEC, a development closely tracked by global energy markets. OPEC accounts for about 40% of global oil output, and the UAE remains one of its key producers, having previously pushed for higher production levels.

The BSE Sensex surged...