Sensex rose 1223.24 points or 2.29% to 54,647.33 and Nifty was up by 331.90 points or 2.07% to 16,345.35 in the previous session.  Sensex touched high and low of 54,893.73 and 53,367.52, respectively. There were 25 stocks advancing against 5 stocks declining on the index. Nifty traded in a range of 16,418.05 and 15,990.00. There were 40 stocks advancing against 10 stocks declining on the index.

The top gainers on the Sensex were Asian Paints up by 5.56%, Reliance Industries up by 5.24%, Bajaj Finance up by 5.13%, Mahindra & Mahindra up by 4.94% and Indusind Bank up by 4.18%. On the flip side, Power Grid Corporation down by 1.89%, NTPC down by 1.57%, Tata Steel down by 1.15%, Nestle down by 0.88% and Wipro down by 0.31% were the top losers.

The top gainers on Nifty were Asian Paints up by 6.12%, Reliance Industries up by 5.49%, Bajaj Finance up by 5.24%, Indusind Bank up by 4.59% and Mahindra & Mahindra up by 4.33%. On the flip side, Shree Cement down by 2.63%, ONGC down by 2.51%, Power Grid Corporation down by 2.12%, NTPC down by 1.38% and Coal India down by 1.24% were the top losers.

Arihant Capital Markets Limited, Axis Mutual Fund – Axis Gold ETF, CyberMedia (India) Limited, Dwarikesh Sugar Industries Limited, and Future Enterprises Limited have made fresh 52 weeks high on Wednesday.

Akash Infra-Projects Limited, Aditya Birla Sun Life Mutual Fund – Aditya Birla Sun Life SENSEX ETF, Dhruv Consultancy Services Limited, JK Cement Limited, and Sansera Engineering Limited have hit a 52-week low on Wednesday.

IDEA, YESBANK, VISESHINFO, PNB, JPPOWER, ONGC, BANKBARODA, TATAMOTORS, ITC, and GTLINFRA were the most active equities on NSE.

The United Nilgiri Tea Estates Company Limited, Arvee Laboratories (India) Limited, Orient Press Limited, Hinduja Global Solutions Limited, and ICICI Prudential Gold ETF were the top volume gainers.

3IINFOLTD, 3PLAND, 63MOONS, A2ZINFRA, and AARON hit the upper price band while AKASH, ARTNIRMAN, BALLARPUR, BCG, and B CONCEPTS hit the lower price band. There were 244 securities that hit the upper band while 39 hit the lower band on March 9, 2022.