Markets recoup losses to trade in green, NIFTY50 above 21,900, SENSEX gains over 300 points

Benchmark indices on Wednesday recouped early morning losses to trade in the green. NIFTY50 and SENSEX were up 0.47% and 0.52% as of 1:30 pm, respectively, supported by gains in heavyweight stocks like Reliance, Maruti and ITC.

Out of the NIFTY50 space, 35 stocks are advancing. Eicher Motors, Maruti, Nestle India, Bajaj Finance and IndusInd Bank are among the top gainers, while Tata Consumers, Tata Motors, Tata Steel, Hindalco and UPL are the top losers.

On the sectoral front, indices such as Oil and Gas (+0.62%), IT (+0.38%), FMCG (+0.32%) saw the biggest gains, while Metal (-0.91%) and PSU Bank (-0.22%) fell the most.

Broader market indices are trading mixed. NIFTY Midcap 100 is down 0.07%, while NIFTY Smallcap 100 trades 0.13% higher.

India's leading automaker, Maruti Suzuki India, hit a 52-week high of ₹12,024 per share. The stock crossed ₹12,000 level for the first time. The stock currently trades around ₹12,015, up 3.60%.

On the stocks front, NSE revoked recently-listed IREDA's inclusion from key indices due to non-compliance with the Securities and Exchange Board of India (SEBI) portfolio concentration norms.

Shares of Ramky Infrastructure were up 1.1% after it bagged two contracts worth ₹217 crore from Greater Chennai Corporation (GCC) for the reclamation of the Kodungaiyur dumping ground through biomining.