Sensex Rises Over 250 Points, Nifty Above 16,300; IT, Pharma Stocks Surge

Indian equity benchmarks on Wednesday rose in opening deals led by gains in information technology and pharma stocks.

Indian equity benchmarks on Wednesday rose in opening deals led by gains in information technology and pharma stocks.

Asian shares struggled to carry recent gains into a fourth straight session today. Overnight, Wall Street indexes had jumped and the U.S. dollar recoiled from near two-decade highs.

Back home, the 30-share BSE Sensex jumped 256 points or 0.47 per cent to 54,574, while the broader NSE Nifty moved 79 points or 0.49 per cent up to trade at 16,339.

Mid- and small-cap shares were trading on a strong note as Nifty Midcap 100 gained 0.59 per cent and small-cap climbed 0.52 per cent.