New Delhi:
Indian equity benchmarks on Wednesday climbed sharply, led by gains in financial, consumer and automobile stocks. A recent slump in crude oil prices also supported investors’ sentiment.
Brent crude futures were trading slightly above $104 per barrel after tumbling 9.5 per cent in the previous session. US crude futures were up marginally, staying above the $100 a barrel mark, after ending below $100 for the first time since late April yesterday.
Although, stocks in Asia slipped today as concerns about a global recession persist.
Back home, the 30-share BSE Sensex jumped 617 points or 1.16 per cent to close at 53,751 today, while the broader NSE Nifty moved 179 points or 1.13 per cent higher to settle at 15,990.
Mid- and small-cap shares finished on a strong note as Nifty Midcap 100 zoomed 1.90 per cent and small-cap rose 0.49 per cent.