Indian stock markets will remain closed on Wednesday on account of Babasaheb Ambedkar Jayanti. Both BSE and NSE will remain shut today.

Share Market Live

NSE

Earlier, equity markets recovered on Tuesday after the previous session's massive selloff, tracking renewed buying interest in financial, bank and auto counters amid firm global cues.

Participants also cheered the government's decision to fast-track approval for foreign-produced COVID-19 vaccines. Russia's Sputnik V vaccine has received emergency use authorisation in India, paving the way for the third coronavirus vaccine in the country.

However, the COVID-19 situation remains worrisome and will determine market trajectory in the near term, traders said.

Building on a positive start, the 30-share BSE Sensex gained momentum in late-afternoon trade to close 660.68 points or 1.38 per cent higher at 48,544.06.

On similar lines, the broader NSE Nifty surged 194 points or 1.36 percent to finish at 14,504.80.

M&M was the top gainer in the Sensex pack, rallying 8.02 percent, followed by Bajaj Finserv, Bajaj Finance, Maruti, IndusInd Bank, ICICI Bank, ONGC and Axis Bank.

On the other hand, TCS was the biggest laggard, slumping 4.21 percent, a day after reporting its March quarter results.

The country's largest tech exporter on Monday reported a 14.9 percent jump in consolidated net profit for the March quarter to Rs 9,246 crore, but posted a marginal increase in reported post-tax profit at Rs 32,430 crore for FY21.

Dr Reddy's, Tech Mahindra, HCL Tech, Infosys and Nestle India were among the other losers, shedding up to 4.18 percent.

BSE auto, metal, finance, bankex, realty and telecom indices rallied as much as 4.30 percent, while IT, teck and healthcare indices closed with losses.

Broader BSE midcap and smallcap indices spurted up to 1.46 percent.

The forex market was closed on account of 'Gudi Padwa'.

(Edited by : Ajay Vaishnav)