STOCK MARKET LIVE: Nifty, Sensex, BSE, NSE, FII, Crude Oil Price, NTPC, SBI, US FOMC Meeting

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Stock Market Highlights: Stock markets jumped for a fourth straight day on Wednesday, benefiting from falling crude oil prices and likely a spike in inflation. The S&P BSE Sensex jumped 418 points, or 0.7%, to close at 60,260. The NSE Nifty, meanwhile, closed at 17,926, up 101 points or 0.57%.

Bajaj Finserv (up nearly 6%), Bajaj Finance, HDFC Life, Hero MotoCorp, Hindalco, Tech M, Bharti Airtel, BPCL and HCL Tech were the top large cap gainers. On the other hand, M&M, Apollo Hospitals, Coal India, Cipla, SBI Life, Ultratech Cement and Maruti Suzuki were the main losers, down as much as 1.2%.

In the broader market, the BSE MidCap and SmallCap indices stabilized up 0.6%, led by ICICI Securities, Zee Entertainment, Supreme Industries, Adani Power, Nava, Rossell India and Rattan India Enterprises.

European markets were mixed on Wednesday after a rally on Wall Street, having struggled to build positive momentum so far this week. The pan-European Stoxx 600 was little changed in early trading, with food and beverage stocks adding 1% while the travel and leisure sector fell 0.8%.

On Wall Street, futures linked to US equity indices fell as much as 0.4%. Earlier in Asia, the Nikkei gained 1.2%, the Kospi fell 0.4% and the Hang Seng gained 0.4%.

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