Sensex gains 620 pts, Nifty ends above 17,150; RIL, IT, banks shine

Stock market LIVE: A slew of positive macro economic data coupled with supportive overseas cues helped the markets rally today

Closing Bell

The key benchmark indices displayed a positive bias throughout the trading day on Wednesday backed by suppotive global cues and encouraging macro economic data. Yesterday, after market hours, India reported Q2 GDP growth rate at 8.4 per cent, and the eight core-sector output for October also came in strong at 7.5 per cent.

Further, robust GST collections at Rs 1.31 trillion in November, the second highest since implementation. and a smart up-tick in manufacturing activity reading at 57.6 in November up from 55.9 in October lifted the market sentiment.

Earlier in the day, the markets