HDFC was the top gainer in the
Sensex pack, rallying over 7 per cent, followed by HCL Tech, M&M, HDFC
Bank, Tata Steel, SBI, Bajaj Finance and Infosys.
On the other hand, Axis Bank,
Asian Paints, HUL, Titan and IndusInd Bank were among the laggards.
Extending
its gains for the third session, equity benchmark Sensex rallied 606 points on
Wednesday, buoyed by banking and IT stocks amid positive cues from global
markets.
Investor
sentiment improved on hopes that gradual lifting of lockdowns across the world
would help start economic recovery, traders said.
After surging 783.07 points during the day, the 30-share BSE
index ended 605.64 points or 1.89 per cent higher at 32,720.16.
Similarly, the NSE Nifty
advanced 172.45 points, or 1.84 per cent, to close at 9,553.35.
HDFC was the top gainer in
the Sensex pack, rallying over 7 per cent, followed by HCL Tech, M&M, HDFC
Bank, Tata Steel, SBI, Bajaj Finance and Infosys.
On the other hand, Axis
Bank, Asian Paints, HUL, Titan and IndusInd Bank were among the laggards.
Indian markets opened on
positive note taking positive cues from its Asian peers and ahead of U S Federal
Reserve's decision on interest rates amid ongoing coronavirus pandemic, said
Narendra Solanki, head- equity research (fundamental), Anand Rathi.
"Indian benchmarks
extended their gains in late afternoon session as traders also took
encouragement from reports of finance minister's likely announcement of larger
stimulus package for the economy, which also led to some short covering in
heavily negative sectors like financials ahead of monthly expiry on
Thursday," he said.
Bourses in Shanghai, Hong
Kong and Seoul settled on a positive note.
International oil benchmark
Brent crude futures rose 2.99 per cent to $23.41 per barrel.
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