CLOSING BELL: IndusInd Bank, Bajaj Finance, M&M, Tech M, HCL Tech, Infosys, TCS, Ultratech Cement, and Bajaj Finserv were the top gainers on the 30-pack index

An index of 100 mid-cap stocks has surged 32% year-to-date, while a similar measure of small-cap names has rallied 43%. (Photo: Bloomberg)

Sensex

<b>CLOSING BELL<br />
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Stock market highlights:&nbsp;</b>Snapping their two-day losing streak, equity markets rose on Wednesday as weaker-than-expected retail inflation and weak industrial production data gave investors hope that the Reserve Bank of India (RBI) may go slow on interest rate hikes going forward.<br />
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	The S&P BSE Sensex gained 403 points, or 0.65 per cent, to settle at 62,533, while the Nifty50 shut shop at 18,608, up 111 points or 0.6 per cent.<br />
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	IndusInd Bank, Bajaj Finance, M&M, Tech M, HCL Tech, Infosys, TCS, Ultratech Cement, and Bajaj Finserv were the top gainers on the 30-pack index. HUL, Nestle India, Titan, Tata Steel, and Maruti Suzuki, meanwhile, were the laggards.<br />
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	In the broader markets, the BSE MidCap and SmallCap indices gained 0.25 per cent and 0.4 per cent, respectively.<br />
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	Among sectors, the Nifty PSU Bank index jumped 3.9 per cent, followed by the Nifty IT index (up 1.2 per cent). On the downside, the Nifty Realty index fell 0.7 per cent.&nbsp;</div>
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Sensex surges 403 pts; Nifty tops 18,600; PSU Bank index leaps 4%, IT 1%

Business Standard

Sensex surges 403 pts; Nifty tops 18,600; PSU Bank index leaps 4%, IT 1% | News on Markets - Business Standard

BROKERAGE CALLS | Analysts upbeat on Dalmia Bharat after proposed acquisition of JP Associate assets

Morgan Stanley gives an overweight call on Dalmia Bharat, says JP Assoc asset acquisition will help diversify geographical footprint, a step towards co&rsquo;s vision of becoming a pan-India player.<br />
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TP: Rs 1,900<br />
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Jefferies gives a buy call on Dalmia Bharat, says the acquisition if fructified, will enable Dalmia to expand its footprint. Deal timelines, addl required capex, limestone reserves key questions.&nbsp;<br />
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TP: Rs 2,060<br />
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CLSA gives an outperform call on Dalmia Bharat, says valuation of $73/t for JP Assoc assets lower than new capacity costs. Deal, once consummated, would address geographical concentration risk.<br />
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TP: Rs 2,100<br />
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<em>Via CNBC-TV18</em>

Brent trading with 1% gain to test $79 a barrel

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Nifty looking to reclaim 18,600 amid supportive global cues

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US benchmark index futures tepid in post-market deals

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Asian indices mirror overnight gains in US; rise up to 1%

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US equities zoom up to 1.6% on Monday ahead of FOMC meet

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