Sensex rises 270 pts, Nifty at 15,170; Tech Mahindra, Axis Bank, Bajaj Finance, IndusInd Bank top gainers

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Sensex and Nifty were trading higher in the afternoon session amid positive global cues. While Sensex gained 273 points to 51,297, Nifty rose 75 points to 15,174.  Tech Mahindra, Axis Bank, Bajaj Finance, IndusInd Bank were the top Sensex gainers rising up to 2.53%. Of 30 Sensex stocks, 23 were trading in green.

Extending previous session’s rally, the Indian stock market opened higher on Wednesday, tracking positive cues from global peers and Nifty futures on the Singapore Exchange. AT 10:20 AM, the BSE Sensex was trading 324.41 points or by 0.64 per cent higher at 51,349.89, and the NSE Nifty was at 15,185.5, up by 87.1 points or by 0.58 per cent. Outperforming the benchmark indices, the BSE Midcap and Smallcap indices were up by 0.88 per and 0.79 per cent, respectively. Bajaj Finance, IndusInd Bank, Mahindra & Mahindra, Sun Pharmaceutical Industries, Infosys, State Bank of India were among top gainers. On the sectoral front, all the indices belled the day in positive terrain, led by realty and auto stocks.

On the global front, Asian markets were trading mostly higher, tracking positive closing at Wall Street in overnight trade. US stocks surged on Tuesday as falling US bond yields eased investors concerns about spiking inflation. The S&P 500 gained 54.09 points, or 1.42 per cent, to close at 3,875.44, while Dow Jones Industrial Average jumped 30.3 points, or 0.10 per cent, to 31,832.74. The Nasdaq Composite surged 464.66 points, or 3.69 per cent, to settle at 13,073.83.

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