Indian equities continued to rally for the third day on Wednesday tracking positive global cues. Metal and financial stocks witnessed buying interest while auto stocks dropped.
BSE Midcap and Smallcap index gained 1.18% and 1.60% respectively.
At 13.16., the Sensex was trading up 705.23 points or 1.4% at 51,002.12 with 23 components gaining. Meanwhile, the Nifty was trading higher by 159.55 points or 1.07% at 15,078.65 with 40 components gaining.
The 30-share benchmark index, BSE Sensex opened with a gain of 441.32 points or 0.88% at 50,738.21, while the broad based NSE Nifty started with a rise of 145.30 points or 0.97%, at 15,064.40.
ICICI Bank contributed rise of 92.96 points in the Sensex. It was followed by Housing Development Finance Corporation (82.65 points), Infosys (73.64 points), State Bank Of India (61.55 points) and Tata Motors (47.69 points).
However, Mahindra & Mahindra contributed fall of 13.28 points in the Sensex. It was followed by Bajaj Auto (10.28 points), Maruti Suzuki India (7.74 points), Hero Motocorp (6.57 points) and Larsen & Toubro (1.55 points).
Biggest gainers in the 30-share index were Bajaj Finserv (3.78%), State Bank Of India (3.19%), Axis Bank (3%), and Bajaj Finance (2.75%).
On the other hand, Bajaj Auto (1.26%), Maruti Suzuki India (1.12%), Mahindra & Mahindra (1.02%), and Asian Paints (0.01%) were the biggest losers in the Sensex pack.
Market breadth was positive with 1,837 advances against 1,045 declines.