The Indian markets trading Wednesday’s session on a positive note intraday, with the Sensex gaining around 250 points, and the Nifty50 inched up towards the 17600-mark.  The private banks and metals lead the surge mainly.

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At around 01:21 pm, the Sensex was up 241.33 points or 0.41 per cent to 58906, and the Nifty50 surged 82.25 points or 0.47 per cent to 17586 levels intraday. While the broader markets outperform the benchmarks with the mid-cap up around 0.7 per cent, and the small-cap soared over 1.5 per cent intraday.

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The 12-share Bank Nifty aided most to the Nifty50, as the banking index surges 536.85 points or 1.44 per cent to 37809.65 levels, led by ICICI Bank.

As many as 33 stocks are gaining, while 17 are on a declining trend on the Nifty50 intraday. ONGC surged most by over 5.5 per cent, followed by Adani Ports up 5 per cent. While CPSE stocks such as Coal India, NTPC, Power Grid and BPCL each surged between 2.5-3 per cent intraday today.

On the contrary, the auto and IT stocks dragged the market with Maruti being the top laggard down 2 per cent, followed by Tata Consumer, Infosys, Cipla, Divis Lab each fell between 1-2 per cent intraday.    

Almost all sectoral indices are in the green, except for auto, FMCG and IT. The Nifty Bank and the Nifty Metal surging most over 1 per cent, followed by PSU banks, financials, pharma. Similarly, realty and media are leading the surge in the broader markets.