The Indian market closed higher today, backed by gains in index heavyweights Reliance Industries, Maruti and SBI, amid a positive trend in global markets. Sensex ended up with 619.92 points higher at 57,684. 79 and Nifty increased by 183.70 points to 17,166. IndusInd Bank was the top Sensex gainer, rising nearly 6 per cent, followed by Axis Bank, SBI, Maruti, Tech Mahindra and Reliance Industries.
Dr Reddy's, UltraTech Cement, Sun Pharma, Bharti Airtel and Titan were among the top Sensex losers, falling up to 1.58%. 22 of 30 Sensex stocks ended up higher. BSE mid-cap and small-cap indices rose 247 points to 24,934 and 76 points to 28,013, respectively.
The market cap of the BSE-listed firms went to 259.28 lakh crore, compared to 257.17 lakh crore in the previous session. Sharekhan said that the positive momentum is expected to pick up further once the swing high of 17,324 is taken out. The levels going ahead need to be closely monitored by traders. The support zone of 17,060 -- 17,000 will be the near-term support zone, which can provide cushion in the event of a minor degree dip. Banking and metal stocks led the gains on the sectoral front. BSE bankex increased by 717 points to 41,496 and the BSE metal index increased 437 points to 18,754.
The market's breadth was positive, with 1909 shares ending higher against 1,347 stocks in the red. There were no changes to 136 shares.
The equity market was lower on Tuesday due to losses in banking, metal and auto shares. Sensex closed 195 points lower at 57,064 and Nifty lost 70 points to end at 16,983.
Tata Steel, the top Sensex loser, lost 3.87 per cent, followed by Kotak Bank, Bajaj Auto, M&M, Bharti Airtel, Reliance Industries, IndusInd Bank, and Maruti.
Domestic institutional investors DIIs bought shares worth Rs 5,350 crore, as per provisional data available on the NSE, which foreign institutional investors FIIs sold on November 30, worth Rs 5,445 crore.
International oil benchmark Brent crude increased by 3.96 per cent to $71.97 per barrel. Australia's S&P ASX 200 fell 20 points to 7,235. Nikkei ended up 113 points higher at 27,935 and the Shanghai Composite was flat at 3,576. The Hang Seng index moved 183 points to 23,658.
In Europe, FTSE climbed 93 points to 7,152, DAX surged 223 points and CAC rose 82 points to 6,803.
The S&P 500 ended up 88 points lower at 4,567, the Nasdaq lost 245 points to 15,537 and the Dow Jones fell 652 points to 34,483 on Wall Street.