Stock Market LIVE Updates | Following gains in Asian markets, Indian benchmark equity indices opened higher for the second straight day on Wednesday, driven by banking, IT, and energy stocks. The BSE Sensex climbed 251 points,

Reliance Industries Ltd., HDFC Bank Ltd., Maruti Suzuki Ltd., Kotak Mahindra Bank Ltd., Larsen & Toubro added to the Nifty 50 index.

Sensex and Nifty rose for the second straight session on Wednesday, as dollar edged lower and 10-year US bond yields declined ahead of inflation data in the US.  Crude oil prices fell, but stayed above $80 a barrel mark.

The stock market continued its rise into the green upon opening led by mid and small cap IT, telecom, financial services, and energy stocks.

The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 23,303 level, a premium of nearly 31 points from the Nifty futures’ previous close.

Sensex climbed 437.73 points or 0.57 per cent to 76,767.74. Nifty stood at 23,219.55, up 133.60 points or 0.58 per cent. In the broader market, every two stocks advanced for even one that declined.

Benchmark indices Sensex and Nifty bounced back on Tuesday after four days of sharp decline on easing retail inflation and a rebound in global markets