Stock market highlights: The Sensex and Nifty extended gains in the afternoon trade on Wednesday, after Nasdaq and S&P 500 indexes reach record closing highs on Wall Street. The Sensex closed 490 points higher at 39,054, while the Nifty is closed above the 11,700-mark. IndusInd Bank closed 3% higher at Rs 1,705, while Yes Bank shares ended 2.4% higher at Rs 238.50. Tata Motors, Maruti Suzuki shares emerged as top Sensex losers, shedding up to 3%.
Equity markets in Asia rose on Wednesday morning after upbeat earnings helped the Nasdaq and S&P 500 indexes reach record closing highs on Wall Street overnight, while oil retreated from its near six-month highs. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.1 per cent in early trade in Asia. The gains followed a strong performance on Wall Street, driven by robust results from Coca-Cola, Twitter, United Technologies and Lockheed Martin, Reuters reported.