Share Market Highlights: Sensex gains 1,040 points, Nifty above 16,900

BSE Sensex and NSE Nifty 50 ended in the positive territory after a one-day blip. Benchmark indices soared 2 per cent on Wednesday, a day before weekly F&O expiry, on the back of buying in index heavyweights such as Infosys, Reliance Industries Ltd (RIL), Housing Development Finance Corporation (HDFC), and HDFC Bank among others.

The 30-share index Sensex ended 1,040 points up at 56,817, while NSE Nifty 50 index jumped 312 points to 16,975.35. Broader markets performed in line with frontline indices. S&P BSE MidCap soared 418 points or 1.8 per cent to settle at 23,573, while S&P BSE SmallCap index added 1.5 per cent or 396 points to finish trade at 27,384.

Bank Nifty surged 2.07 per cent. India VIX, the volatility index, fell 10 per cent to end at 24.12 levels.Market participants will keenly watch the US Federal Reserve meeting outcome.

Source:FE