Sensex, Nifty rise as global banking turmoil eases; Adani Group stocks recover

Benchmark stock market indices ended in positive territory on Wednesday as concerns over the ongoing global banking turmoil eased. Market sentiments also got a boost after Adani Group stocks recovered following a sharp tumble on Tuesday.

The S&P BSE Sensex rose 346.37 points to 57,960.09 at today’s closing, while the NSE Nifty 50 settled 129 points higher at 17,080.70 on F&O expiry day. Broader markets also gained in line with benchmark indices as volatility dropped sharply.