Sensex gains 1,430 points, Nifty above 8,700 mark, banks among the top gainers on the equity indexes

• The BSE Sensex climbed 1,430 points and was up at 29,956 points.
  
• Nifty50 gained 4.7% and stood at 8,710.
  
• Indian Banks were among the top gainers in the early trade hours.
• Dow Jones Industrial Average increased 2.39%, but Nasdaq Composite lost 33.56 points.

The Indian equity stocks rallied on Wednesday during the morning trade. The BSE Sensex climbed up to 29,956 levels or 1,430 points up, and Nifty50 was at 8,710 points, up from 8,365 levels at the opening hours.

The S&P BSE MidCap index and the S&P BSE SmallCap index were up by over 2%. All sectoral indices are trading in the green.

Four out of top five gainers on the Sensex from the financial space.

Top Sensex gainers	At 10:15 am
IndusInd Bank	+19.99%
Axis Bank	+9.99%
Bajaj Auto	+9.37%
Bajaj Finance	+8.19%
ICICI Bank	+8.00%

HCL, IT giant and Reliance were among the top five losers of Nifty.

Top Nifty losers	At 10:30 am
HCL TECH	-2.20%
IOC	-1.61%
GAIL	-1.39%
RELIANCE	-0.61%
ITC	-0.48%

The Indian market got some fillip from Wall Street, where the Dow Jones rallied 11% ⁠— it was the best day for the benchmark index in 87 years— before the US Senate approved the $2 trillion economic stimulus package proposed by President Donald Trump.

However, the mood in rest of Asia was cautious. The Chinese exchange, Shanghai Composite, was up by 0.04%, the Japanese Nikkei was down by 3.96%, and the Hong Kong-based Hang Seng was down by 0.04%.


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