– Sensex surged 354 points and closed above the 75K mark while Nifty gained 111 points and closed at 22,754.
-The investors gained about Rs 2 Lakh Cr today.
Gainers and losers
Among the Sensex stocks, ITC, Kotak Bank, Bharti Airtel, SBI, and Aisan Paints closed with gains, while Maruti Suzuki, HDFC Bank, L&T, and M&M closed with cuts.
Sector-wise performance
The Nifty metals index rose 1.2%, hitting a record high for the second straight session on expectations of a demand rebound on the back of strong manufacturing data from the US and China.
US interest rate-sensitive Nifty IT rose 0.6%, led by Tech Mahindra, TCS, and Infosys.
Global Markets
World stocks traded higher and bonds and currencies steadied on Wednesday, largely unfazed by Fitch downgrading its China outlook.
Oil & Rupee
Oil prices increased after two days of declines due to a stalemate in Gaza ceasefire negotiations, raising concerns about Middle East supply security. This rise offset a larger-than-anticipated increase in US crude inventories. Brent crude futures were up at $89.72 per barrel, and US (WTI) crude futures were at $85.52.
The Indian rupee closed higher on Wednesday, aided by likely inflows and lower US bond yields. The Rupee closed at 83.1850 against the US dollar.
