Domestic markets edged higher in Wednesday’s trade to snap four-day losing streak, after February inflation slowed to 6.4 per cent.
Key indices Nifty50 advanced over 150 points to trade above 17,150 levels, whereas the S&P BSE Sensex surged over 500 points to trade around 58,409 levels.
Broader markets, too, inched higher in trade as Nifty Midcap 100 and Nifty Smallcap 100 indices gained up to 1 per cent. Volatility index, India VIX, meanwhile, slipped over 6 per cent.
All sectors swimmed in the sea of green, with Nifty Media, and Nifty Metal indices rising over 1 per cent each.
Besides, shares of NBCC (India) rallied over 3 per cent after it secured Rs 500 crore work order to construct Government Medical College and Hospital at Karaikal, Puducherry.