Equity benchmark Sensex jumped over 250 points in early trade on Wednesday led by gains in index majors Reliance Industries, L&T and Infosys amid a positive trend in US markets ahead of the US Fed’s policy outcome.
The 30-share index was trading 282.15 points or 0.47 per cent higher at 60,311.21 in initial deals. Similarly, the Nifty rose 84.20 points or 0.47 per cent to 17,973.15. Tech Mahindra was the top gainer in the Sensex pack, rising around 2 per cent, followed by L&T, NTPC, Bajaj Finance, SBI and UltraTech Cement.
On the other hand, Sun Pharma, Titan, Asian Paints, HDFC Bank and HUL were the laggards. In the previous session, the 30-share index ended 109.40 points or 0.18 per cent lower at 60,029.06, and Nifty fell by 40.70 points or 0.23 per cent to 17,888.95.
Foreign institutional investors (FIIs) turned net buyers in the capital market, as they purchased shares worth Rs 244.87 crore on Tuesday, as per exchange data.
Elsewhere in Asia, bourses in Shanghai, Hong Kong and Seoul were trading with losses in mid-session deals, while the Tokyo stock exchange was closed on Wednesday.
Stock exchanges in the US ended with gains in the overnight session ahead of the Federal Reserve's policy outcome, scheduled for tonight. Meanwhile, international oil benchmark Brent crude fell 1.24 per cent to USD 83.67 per barrel.
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