Benchmark equity indices Sensex and Nifty rallied for a third day in a row on Wednesday on buying in Reliance Industries, Infosys, HDFC twins and ICICI Bank following gains in global equities amid hopes of a breakthrough in Russia-Ukraine peace talks.
The 30-share BSE barometer index surged 740.34 points or 1.28% to settle at 58,683.99. During the day, it jumped 784.13 points or 1.35% to 58,727.78.
Similarly, the broader NSE Nifty climbed 172.95 points or 1% to settle at 17,498.25.
Among the 30-share pack, Bajaj Finserv, Mahindra & Mahindra, Bajaj Finance, Power Grid, HDFC, ICICI Bank, Nestle, Maruti, Reliance Industries Limited were among the lead gainers.
On the other hand, ITC, Tata Steel, Tech Mahindra, Bharti Airtel and Titan were among the laggards.
Elsewhere in Asia, Seoul, Shanghai and Hong Kong settled with gains, while Tokyo ended lower. Stock exchanges in the US ended with gains on Tuesday.
Meanwhile, international oil benchmark Brent crude jumped 2.25% to $112.7 per barrel.
Foreign portfolio investors turned buyers as they bought shares worth ₹35.47 crore on Tuesday, according to stock exchange data.
"US equities extended gains and closed higher as Russia-Ukraine peace talks reinstated optimism among investors," Mitul Shah, Head of Research at Reliance Securities, said.
