Sensex settles above 53,000 for first time led by HDFC twins, Tata Steel and ICICI Bank

Equity benchmark Sensex jumped 194 factors to shut at a contemporary document on Wednesday, monitoring beneficial properties in index heavyweights HDFC twins, Tata Steel and ICICI Bank.
Closing above the 53,000 mark for the primary time, the 30-share BSE index jumped 193.58 factors or 0.37 per cent to 53,054.76.
Similarly, the broader NSE Nifty rose 61.40 factors or 0.39 per cent to its contemporary document peak of 15,879.65.
Tata Steel was the highest gainer within the Sensex pack, rallying over 4 per cent, adopted by Bajaj Finserv, IndusInd Bank, HDFC, Nestle India, Asian Paints and Sun Pharma.

On the opposite hand, Titan, Maruti, Reliance Industries and Tech Mahindra have been among the many laggards.
“Markets bounced back into the positive terrain in afternoon trade led by metal stocks. Cabinet reshuffle today created interest amongst market participants as we saw some hectic activity in smaller private sector banks,” mentioned S Ranganathan, Head of Research at LKP Securities.
Elsewhere in Asia, bourses in Hong Kong, Seoul and Tokyo ended within the pink, whereas Shanghai was constructive.

Equities in Europe have been buying and selling with beneficial properties in mid-session offers.
Meanwhile, worldwide oil benchmark Brent crude rose 1.64 per cent to USD 75.75 per barrel.