The 30-share BSE index climbed 224.45 points or 0.29 per cent to settle at 76,724.08. During the day, it jumped 491.42 points or 0.64 per cent to 76,991.05.

In 2024, the interim budget in February and the full budget in July -- following the election results -- triggered a market rally fuelled by the government’s commitment to fiscal deficit targets and aggressive capex plans.

The stock markets started trading on Wednesday in the positive territory following a firm trend seen in the Asian indices. The BSE Sensex rallied a little over 400 points to cross 76,900 in early trade,

The gains were led by Reliance Industries Ltd, Maruti Suzuki India Ltd, Larsen & Toubro and Zomato Ltd. The BSE Sensex rose 248.07 points or 0.32 per cent to 76,747.70. Nifty stood at 23,231.40, up 55.

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.

Indian benchmark indices Nifty and Sensex ended on Tuesday with modest gains, breaking a four-day losing streak, as a strong rally in banking, metal, and energy stocks lifted sentiment. However, a selloff in IT and FMCG stocks kept investors cautious.