Stock market LIVE updates: Domestic markets were higher
Stock market LIVE updates: Domestic markets were higher in Wednesday's intra-day trade as investors await the US Federal Reserve's interest rate decision later today.
Key indices Nifty50 climbed over 50 points to trade above 17,150 levels, whereas the S&P BSE Sensex advanced over 250 points to trade around 58,361 levels.
The strength spilled across broader markets too, as Nifty Midcap 100 and Nifty Smallcap 100 indices gained up to 0.3 per cent. Volatility gauge, India VIX, meanwhile, slipped over 2 per cent.
All sectors traded in a positive territory, with Nifty Metal, and Nifty PSU Bank indices gaining the most - over 1 per cent each. While HDFC Life, and SBI Life were the top gainers in the Nifty50 index, Asian Paints, and Coal India were the top laggards.
Among individual stocks, Hindustan Zinc surged 5 per cent after the company decided to pay Rs 10,990 crore ($1.3 billion) to its shareholders, a fourth dividend