Stock market LIVE update: Domestic equity markets edged up 0.9 per cent on Wednesday, clocking gains at the bourses for the third straight day. Among the frontline indices, the S&P BSE Sensex advanced 500 points to quote at 49,450 levels while the NSE’s Nifty50 reclaimed the 14,750-mark and was at 14,774.
Bajaj Auto, Bajaj Finance, and Bajaj Finserv, all up between 4 per cent and 6 per cent, were the top performing stocks on the Nifty. These were followed by State Bank of India, Tata Motors, Hero MotoCorp, and Bharti Airtel.
On the downside, Britannia, HUL, Hindalco, JSW Steel, and Maruti Suzuki slipped up to 1.5 per cent.
In the broader markets, the S&P BSE MidCap and SmallCap indices gained 0.76 per cent and 0.96 per cent, respectively.
As regards sectoral trends on the NSE, the Nifty Metal index witnessed profit booking and slipped 0.8 per cent on the NSE. On the contrary, the Nifty Auto index zoomed 2.5 per cent, trailed by the Nifty PSU Bank index, up 2 per cent.
A total of 21 companies are slated to post their March quarter results today including Bajaj Finserv, Biocon, Mastek and Bombay Dyeing & Manufacturing.