Market Updates: Following strong buying sentiments in auto, metal, and banking stocks, the BSE benchark Sensex climbed 657 points to recover the 58,000-mark on Wednesday. Traders said that strong global cues also helped the domestic markets.
The BSE Sensex ended the day at 58,465.97, up 657.39 points or 1.14 percent, while the the NSE Nifty finished at 17,463.80, up 197.05 points or 1.14 percent.
With a gain of nearly 4%, Maruti Suzuki led the Sensex pack, followed by IndusInd Bank, HDFC Bank, Bajaj Finserv, Titan, Wipro, and Bharti Airtel. Sun Pharma, ITC, and PowerGrid, on the other hand, were the laggards.
In other parts of Asia, bourses in Hong Kong, Tokyo, Seoul, and Shanghai all concluded the day in the green. In mid-session trades, European stock exchanges were trading with huge gains. Meanwhile, Brent crude, the international oil standard, fell 0.27 percent to USD 90.73 per barrel.
According to stock exchange data, foreign institutional investors (FIIs) continued to be net sellers in the capital market on Tuesday, offloading shares worth Rs. 1,967.89 crore.
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