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Indices snap 5-day losing run; Sensex soars 574 pts, tops 57,000; RIL up 3%

CLOSING BELL: Ultratech Cement, RIL, Maruti Suzuki, Asian Paints, Bharti Airtel, and TCS were the top Sensex gainers


SI Reporter  | New Delhi 


Market LIVE: Sensex surges 500 pts; Nifty50 above 17,100; Auto, IT upbeat

Equity snapped their 5-day losing run and ended higher on Wednesday amid buying in IT, Auto, and FMCG stocks. The soared 574 points, or 1 per cent, to close at 57,037 while the Nifty50 ended at 17,136.5, up 178 points or 1 per cent. Both the indices hit intra-day highs of 57,216 and 17,187, respectively.  

Ultratech Cement, RIL, Maruti Suzuki, Asian Paints, Bharti Airtel, and TCS were the top gainers, advancing between 2.4 per cent and 3.4 per cent. Bajaj twins, ICICI Bank, ITC, L&T, and Tata Steel, meanwhile, were the top laggards, down up to 3 per cent. 

In the broader market, the MidCap and SmallCap indices added up to 0.5 per cent. Sectorally, the Metal index was the top loser, falling 0.3 per cent, while the Auto index was the biggest gainer, up 2.4 per cent.

Global cues
European stocks saw some positive gains after opening around the flatline on Wednesday as investors monitor developments in Ukraine and assess the IMF's latest global economic forecasts. The pan-European Stoxx 600 index was flat at the open but soon turned positive to trade 0.3 per cent higher with the majority of sectors in positive territory.

On Wall Street, Nasdaq Futures were down 0.5 per cent, while Dow Jones and S&P500 Futures slipped up to 0.3 per cent.

In Asia, Japan's Nikkei gained 0.86 per cent, South Korea's Kospi ended flat with negative bias, and Hong Kong's Hang Seng wased 0.4 per cent.


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