The Sensex and Nifty crept higher on Wednesday, snapping a four-day losing run, after a 6.4 percent drop in February inflation.
The S&P BSE Sensex was up 417 points at 58,317 at 9:35 a.m. The NSE Nifty50, on the other hand, was trading at 17,181, up 138 points.
Asian Paints, Titan, Maruti, L&T, Tata Steel, and IndusInd Bank were among the early gainers on the 30-share Sensex. Just two companies, HUL and Airtel, were trading in the red.
Individual stocks climbed more than 1% after credit rating agency CRISIL confirmed the bank’s financial circumstances as “stable.” Meanwhile, shares of NBCC (India) rose more than 3% after the company received a Rs 500 crore work order to build the Government Medical College and Hospital in Karaikal, Puducherry.
The Nifty Midcap 100 and Nifty Smallcap 100 indexes rose up to 1% in the wider markets.
Meanwhile, the India VIX volatility index fell by more than 6%.
All sectors swam in a sea of green, with the Nifty Media and Nifty Metal indexes both climbing more than 1%.
The S&P BSE Sensex concluded the previous session on Tuesday at 57,900, down 338 points. The NSE Nifty50, on the other hand, finished with a 111-point fall at 17,043.