Nifty reclaims 17,000, Sensex follows suit led by HDFC twins, ICICI Bank, Infosys, ITC

As many as 37 stocks were advancing and 11 were declining in the Nifty50 basket in the early deals. Image: Freepik

Indian equity benchmarks started Wednesday's session on a positive note with mild gains amid mixed moves across global markets as a deal between First Citizens Bank Shares and Silicon Valley Bank (SVB) brought a sigh of relief to investors rocked by wild swings in banking shares but caution persisted about higher-for-longer interest rates.

The BSE Sensex was up 200.46 points or 0.35 per cent to 57,814.18 and NSE Nifty50 rose by 65 points or 0.38 per cent to 17,016.7 minutes after the market opened.

As many as 37 stocks were advancing and 11 were declining in the Nifty50 basket in the early deals.

M&M, Adani Ports and Bajaj Auto were among the top gainers, rising around one per cent each. On the contrary, IndusInd Bank and RIL were the top laggards, falling up to one per cent.

The Nifty Bank — whose 12 constituents include the country's largest lenders SBI, HDFC Bank, ICICI Bank and Axis Bank — turned flat and opened at 39,611.55.

The broader markets too followed benchmarks suit to trade in the green minutes after the start of today’s session as Nifty Mid and Smallcap each up around half a per cent.

HDFC twins, ICICI Bank, Infosys and ITC were among the top movers for the BSE Sensex while HDFC twins, ITC, M&M and Hindustan Unilever contributed to the Nifty Indices.