Sensex Rises 657 Points, Nifty Settles At 17,463 Amid Buying Across All Sectors

Maruti was the top gainer in the Sensex pack, rising over 4 per cent, followed by IndusInd Bank, HDFC Bank, Bajaj Finserv, Titan, Wipro, and Bharti Airtel

Midcap and smallcap shares finished on a positive note as Nifty Midcap 100 index jumped 1.14 per cent and smallcap shares moved 0.41 per cent higher. Image: Getty

New Delhi: The Indian equity benchmarks, Sensex and Nifty, on Wednesday extended gains to second consecutive day led by buying across all sectors amid strong global cues.

The 30-share BSE Sensex closed 657 points higher at 58,465. Likewise, the NSE Nifty jumped 197 points to end at 17,463.

Maruti was the top gainer in the Sensex pack, rising over 4 per cent, followed by IndusInd Bank, HDFC Bank, Bajaj Finserv, Titan, Wipro, and Bharti Airtel.

On the other hand, Sun Pharma, ITC, and PowerGrid were the laggards.

India VIX, volatility index, cooled off 5.7 per cent.

Midcap and smallcap shares finished on a positive note as Nifty Midcap 100 index jumped 1.14 per cent and smallcap shares moved 0.41 per cent higher.

13 out of the 15 sector gauges, compiled by the NSE, settled in green. Nifty Auto and Nifty Private Bank outperformed the index by rising as much as 2.19 per cent.

Meanwhile, shares of Adani Wilmar hit a new high of Rs 318 after they rallied 20 per cent on the BSE in Wednesday's intra-day trade. With today's rally, the stock of Adani Group edible oil major has surged 38 per cent over its issue price of Rs 230 per share, and is above 44 per cent from its listing price of Rs 221 on the BSE.

In the previous session, the 30-share BSE Sensex closed 187.39 points higher at 57,808.58. Similarly, the broader NSE Nifty climbed 53.15 points to 17,266.75.

Elsewhere in Asia, bourses in Hong Kong, Tokyo, Seoul and Shanghai ended in the positive territory.

Stock exchanges in Europe were trading with significant gains in mid-session deals.

Meanwhile, international oil benchmark Brent crude slipped 0.27 per cent to $90.73 per barrel.

Foreign institutional investors (FIIs) remained net sellers in the capital market, as they offloaded shares worth Rs 1,967.89 crore on Tuesday, according to stock exchange data.