The Indian equity benchmark indices extended recovery rally and ended the day on strong footing.
At the closing bell on Tuesday, the BSE Sensex closed higher by 633 points (Up 0.8%).
Meanwhile, the NSE Nifty closed 196 points higher (Up 0.8%).
Eternal, Infosys and Tech Mahindra was the top gainers.
HUL, Cipla and Coal India on the other hand, were among the top losers.
For impact of the Bank Nifty companies and comprehensive overview of the index, check out Equitymaster's Bank Nifty Companies list.
The BSE 150 MidCap index ended 1.8% higher and BSE 250 SmallCap index ended 2% higher.
Barring metal sector all other sectoral indices were trading on positive note, with stocks in realty sector and IT sector witnessing buying speer.
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Mankind Pharma share price will be in focus today.
Shares of Mankind Pharma rose over 3% on Wednesday after the company secured exclusive rights to manufacture, market, and distribute the Rivotril brand in India.
The company acquired the Rivotril brand from Roche for the domestic market, gaining full control over its manufacturing, marketing, and distribution across the country.
Urban Company will also be a top buzzing stock.
Shares of Urban Company surged 15.8% during the session, hitting an intraday high of Rs 127.3 on the BSE. The sharp buying interest followed a bulk deal where SBI Mutual Fund increased its stake in the company.
As per NSE bulk deal data, SBI Mutual Fund acquired 3,50,63,090 shares at Rs 109.85 per share.
The Indian rupee plunged to a record low on Monday, extending its recent decline as the escalating Iran-Israel conflict kept global oil prices elevated, intensifying economic risks for India and weighing on capital inflows.
The currency weakened to 92.62 per US dollar, breaching its previous low of 92.4750 recorded last week.
Meanwhile, Brent crude oil prices have surged about 40% since the conflict began, sending shockwaves across global markets as energy-importing nations grapple with one of the most severe supply disruptions in decades.
Shares of capital market-linked companies, including stockbrokers, asset management firms, depositories, clearing houses, and other intermediaries, rallied up to 9% during Wednesday's intraday trade on the National Stock Exchange (NSE). In comparison, the benchmark Nifty 50 was up nearly 1% at 23,786.65 as of 12:33 PM.
The Nifty Capital Market Index advanced 2% to 4,674.65 during the session, marking its fourth consecutive day of gains. Over this period, the index has surged 5.3%, reflecting strong momentum across the capital market space.
The rally comes after the Reserve Bank of India, through its 13 February 2026 press release, introduced amendments to the regulatory framework governing commercial banks' capital market exposure.
Effective 1 April 2026, the revised guidelines provide greater clarity on lending conditions for capital market intermediaries, including stockbrokers, commodity brokers, proprietary traders, and clearing members.
Among individual stocks, Angel One jumped 9% to Rs 235.8, while KFin Technologies gained 5% to Rs 942. Meanwhile, Nippon Life India Asset Management and Motilal Oswal Financial Services rose around 4% each during the session.
Shares of Hexaware Technologies rose over 5% on Wednesday, driven by the launch of its new enterprise AI agent platform. The stock climbed 5.6% to an intraday high of Rs 429.8 on the NSE, after opening 4.42% higher.
The rally followed the company's announcement of 'Agentverse'-an enterprise AI agent platform featuring over 600 ready-to-deploy AI agents. The platform is designed to help organisations operationalise agent-based AI across both business and technology functions.
According to the company, many enterprises exploring generative and agentic AI remain stuck in pilot stages without a clear path to large-scale deployment.
Agentverse aims to address this gap by offering a governed platform that orchestrates multiple AI agents across enterprise systems, workflows, and communication channels, enabling a transition from experimentation to full-scale production.
Management highlighted that the platform can help clients move beyond pilots to achieve measurable improvements in cycle time, accuracy, and customer satisfaction, positioning Hexaware to capitalise on the growing adoption of enterprise AI solutions.
Shares of Axis Bank rose nearly 2% on March 18 after the lender announced plans to invest Rs 1,500 crore in its consumer lending subsidiary, Axis Finance.
Earlier, a report had indicated that the bank was reconsidering a potential stake sale in Axis Finance following regulatory changes by the Reserve Bank of India. The central bank had eased rules around overlapping activities between banks and their subsidiaries, allowing lenders to continue such operations while ensuring proper ring-fencing from core banking functions.
In their earlier form, these norms could have compelled large banks, including HDFC Bank and ICICI Bank, to either merge or divest their non-bank lending subsidiaries.
Axis Bank, which has invested Rs 2,375 crore in Axis Finance over the past decade, plans to complete the latest infusion by March 2027 through one or more tranches via cash consideration.
The NBFC is also expected to present a revised growth plan to the bank's board in April, following which it will reassess its future capital requirements.
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