Sensex ends 617 pts higher and Nifty50 at 15,990 led by financial, FMCG and IT shares

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Indian equity benchmarks BSE Sensex and NSE Nifty50 started Wednesday’s session in the green, shrugging off weakness across other Asian markets following a mixed session on Wall Street overnight. Gains in banking and IT shares pushed the headline indices higher but losses in metal and oil & gas counters limited the upside. Broader markets saw mixed moves, with the Nifty Midcap 100 rising 0.1 percent but the Nifty Smallcap 100 declining 0.4 percent. Investors globally remained on the back foot amid concerns about steep hikes in COVID-era interest rates and their impact on economic growth.

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