Surging for the third straight day this year, the Indian markets continue to show strength on Wednesday. Sensex closed over 60000-mark and Nifty50 above 17900 level for the first time since November 17, 2021. The surge in the market is mainly led by banking and financial stocks at close.  

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At the market close, the BSE Sensex is up over 367 points or 0.61 per cent to 60,223, and Nifty50 is up 120 points or 0.67 per cent to 17,925 intraday. On the contrary, broader markets closed mixed, with mid-cap up marginally 0.18 per cent and small call down over a quarter per cent.  

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The 12-share banking index lead the maximum surge in the benchmark, as Nifty Bank is up over 855 points or 2.32 per cent to 37,896-level, led by private lenders Kotak Bank and Axis Bank.  

As many as 33 stocks advanced and 17 stocks declined on Nifty50 at the close. Financial majors such as Bajaj Finance and Bajaj Finserv closed as top gainers – each up 5 and 4.5 per cent, respectively, while Kotak Bank, JSW Steel, and Grasim each surged between 3-3.5 per cent at the market close.  

On the contrary, all the major IT stocks dragged the market at the close in otherwise positive market as Tech Mahindra and Infosys slumped most around 3 per cent, followed by Wipro, HCL Tech and TCS each down between 1-2 per cent intraday.  

Sectorally, almost all sectors are in the green, with banking and financial surging most each up over 2 per cent, followed by Nifty Metal and Auto up over 1 per cent at the market close. On the other hand, Nifty IT declined most by nearly 2 per cent, even pharma closed dragging most the market. 

In the broader markets, realty stocks lead the surge and media are dragged the mid cap and small-cap indices at the market close today.