Stock market benchmark indices Sensex and Nifty surged by nearly 1 per cent on Wednesday, driven by a rally in IT, capital goods, and industrial stocks amid a strong trend in global markets.
The 30-share BSE benchmark Sensex climbed 631.55 points, or 0.83 per cent, to close at 76,532.96. During the day, it rose by 698.32 points, or 0.92 per cent, reaching 76,599.73.
The NSE Nifty soared 205.85 points, or 0.90 per cent, to 23,163.10.
Broader markets outperformed the benchmark indices, with smallcap stocks leading the rally. The Nifty Smallcap100 index jumped 3.32 per cent, while the Nifty Midcap100 gained 2.31 per cent.
Among the 30-share blue-chip pack, Zomato surged nearly 7 per cent. Tata Motors, Infosys, UltraTech Cement, Tech Mahindra, Mahindra & Mahindra, and Bajaj Finance were other major gainers.
In contrast, ITC Hotels, Bharti Airtel, Maruti, Asian Paints, and ITC were among the laggards.
In Asian markets, Seoul and Tokyo closed in positive territory, while markets in Shanghai and Hong Kong were closed due to holidays.
European markets were trading mostly in the green. US markets ended higher on Tuesday.
Foreign Institutional Investors (FIIs) sold equities worth Rs 4,920.69 crore on Tuesday, according to exchange data.
Global oil benchmark Brent crude fell by 0.93 per cent to USD 76.77 a barrel.
Gold remained flat, trading around $2,760 on Comex and Rs 80,450 on MCX, as market participants awaited the US Federal Reserve's policy decision.
On Tuesday, the BSE benchmark Sensex gained 535.24 points, or 0.71 per cent, to close at 75,901.41. The Nifty rose by 128.10 points, or 0.56 per cent, to 22,957.25.
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