Among the sectoral front, the metals and PSU banks were top gainers in the largely positive sectoral gauges while media and realty were the only indices to trade in the red zone.
Infosys, Reliance Industries, Kotak Bank and TCS were among other blue-chip top performers on the Sensex pack. On the other hand, Power Grid, L&T, NTPC and ICICI Bank were among other losers.
Further, on the broader market index, Oil India, Tata Elxsi, Cummins India, Rail Vikas Nigam, Alok Industries and NBCC were gainers, while EID Parry, Sunteck Realty, Sterling Wilson Solar, Adani Total Gas, Max Financials and Trent were under selling pressure.
Meanwhile, oil prices gain after an industry report showed U.S. crude stockpiles fell last week, overriding trader and investor concerns about transportation curbs in some countries as COVID-19 cases surge. Brent crude was 42 cents, or 0.6% at $75.16 a barrel.
Asian stock markets gained in Wednesday trading session after U.S. shares closed at a record on economic optimism and signs that vaccines can counter a highly infectious coronavirus strain. Mainland Chinese stocks rose with the Shanghai Composite was up 0.38%, while the Shenzhen Component was up 0.99%. Japan’s Nikkei 225 was trading flat at 28,834.99 and the Topix edged up 0.13%.