Indian share markets moved up to a positive trajectory on Wednesday’s session marking the third consecutive day of gains in trade.
The BSE Sensex gained 789.70 points or 1.61 percent to close at 49,733.84 whereas the 50-stock gauge NSE Nifty ascended 211.50 points or 1.44 percent to end at 14,864.84. HDFC Bank, HDFC Bank, Bajaj Finance, and Kotak Mahindra Bank were the top Sensex contributors today.
IndusInd Bank, Bajaj Finance, Eicher Motors, Bajaj Finserv and Kotak Mahindra Bank were Nifty gainers while Britannia Industries, Hindalco Industries, Nestle, Divis Labs and HDFC Life were top laggards.
Among sectors, barring metal and pharma, all other sector indices gained during the day. BSE Midcap and Smallcap indices rose 0.7-1 percent.
Auto pack led by TVS Motor which earned a good fourth-quarterly financial results was up by over 2%. Shares of TVS Motor gained as much as 15%, followed by Bajaj Auto, Eicher Motors, Motherson Sumi and Mahindra and Mahindra.
SBI shares also went up higher after the Bank has decided to raise high-value funds. Bank Nifty outperformed the Nifty index by 1.5 percent for the third consecutive trading session.
Elsewhere, the US treasury yield climbed to top levels of 1.65 percent as investors look out for the Federal Reserve's latest policy decision due later today. The central bank is not expected to take any action on monetary policy
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