The Indian equity benchmark indices surged for the third straight session, to close at a two-week high on Wednesday on the heels of a 'growth-oriented' budget that stepped up on spending. The 30-scrip Sensex closed at 59,558, as it rose 695 points and the Nifty50 index surged over 200 points to end at 17,780. Here are the key stocks that moved the most today:
Tech Mahindra | Shares of the company were in focus on Wednesday, a day after the IT company reported its quarterly financial results. On BSE, the Tech Mahindra stock fell as much as 4.2 percent to Rs 1,444.
ITC | Shares of the Cigarettes-to-hotels conglomerate rose after Finance Minister Nirmala Sitharaman presented the Union Budget for FY23 in Parliament. The ITC stock extended gains to the sixth back-to-back session on Dalal Street. Shares were up as much as 2.3 percent during the session.
Zomato | Share of the food delivery app rose for the third straight session to draw closer to the Rs 100 level on Wednesday. The shares of the company jumped 5.4 percent to Rs 99.75 on BSE.
Spandana Sphoorty | Shares of the microfinance firm soared 19.5 percent to Rs 403.5 on Wednesday. The stock was the best performer in the financials pack on the BSE.