Stock Market: Sensex Gains 246 Points, Nifty Ends Above 20,050. PSU Bank Soars 4 Per Cent

Stock Update: On the 30-share Sensex platform, Airtel, Titan, IndusInd Bank, Axis Bank, SBI, NTPC emerged gainers. On the downside, M&M, L&T, Nestle, JSW Steel, TCS, TechM were among the losers

In the broader markets, the BSE Midcap and Smallcap indices gained 0.2 per cent and 0.85 per cent, respectively.

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The two key equity benchmarks, Sensex and Nifty, on Wednesday closed in the green amid mixed global trends. The indices got a boost from the investors following a better-than-expected retail inflation data for August. The S&P BSE Sensex jumped 246 points to close at 67,467. On the other hand, the Nifty50 settled at 20,070, up 77 points.

On the 30-share Sensex platform, Airtel, Titan, IndusInd Bank, Axis Bank, SBI, NTPC emerged gainers. On the downside, M&M, L&T, Nestle, JSW Steel, TCS, TechM were among the losers.

#ABPLiveStockMarketWatch | Sensex and Nifty closed in the green amid mixed global trends, on Wednesday

At 4:00 PM, Sensex gained 245 points, closing at 67,466, and Nifty soared 76 points to close at 20,070.

Here's a look at the stocks in focus:#ABPLive #ClosingBell… pic.twitter.com/jj7N3b2tEJ

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In the broader markets, the BSE Midcap and Smallcap indices gained 0.2 per cent and 0.85 per cent, respectively.

Sectorwise, metal, and oil & gas were up 1 per cent each and PSU Bank index gained 4 per cent, while capital goods, auto, and Information Technology indices ended on a negative note.

In the previous session on Tuesday, the Sensex ended at 67,221, up 94 points. On the other hand, the NSE Nifty50 closed at 19,993, down 3 points.

In Asian markets, Seoul, Shanghai, and Hong Kong settled lower while Tokyo ended in the green. European equities were trading lower. The US markets ended in negative territory on Tuesday.

Global oil benchmark Brent crude climbed 0.66 per cent to $92.56 a barrel.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,047.19 crore on Tuesday after a day's breather, according to exchange data.

Meanwhile, the rupee depreciated by 2 paise to close at 82.97 (provisional) against the US dollar on Wednesday, weighed down by a surge in crude oil prices and strong American currency overseas. However, a positive trend in domestic markets and upbeat macroeconomic data from India cushioned the downside for the local unit, forex traders said.

At the interbank foreign exchange market, the local unit opened at 82.92 against the US dollar and moved in a range of 82.89 and 82.99. The rupee finally settled at 82.97 (provisional) against the US dollar, down 2 paise from its previous close. On Tuesday, the rupee closed at 82.95 against the US currency.