The Nifty 50 ended 130.75 points higher, or a 0.57% gain, to settle at 23,164 points, while the BSE Sensex finished the trade at 76,383 points, 0.72% higher than Tuesday’s close.

The main drivers of the market are IT stocks, even when the broad-based performance is under selling pressure. Consumer durables, realty, oil & gas, media and metal stocks are in deep red. The performance comes after Sensex and Nifty crashed by 2% each in the previous session,

The BSE Sensex surged 567 points, closing at 76,405, while the NSE Nifty rose by 131 points, ending the session at 23,155.

The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 23,161 level, a premium of nearly 60 points from the Nifty futures’ previous close.

In the early trade, the 30-share BSE Sensex rose 326.86 points to 76,212.83. Meanwhile, the Nifty was also up by 87.60 points to 23,111.25.

The Indian stock market witnessed a major crash today, with the BSE Sensex crashing over 1,000 points from its daily high and the NSE Nifty slipping below the 23,200 mark. The crash was mainly led by a sharp fall in banking and metal stocks.

Trump trade has peaked, said V K Vijayakumar of Geojit Financial Services adding that the decline in US bond yields and the dollar index are indications of this.

The Nifty Auto index closed on a note on Wednesday. Shares of Bharat Forge Ltd.(up 2.07 per cent), Maruti Suzuki India Ltd.(up 1.15 per cent), Balkrishna Industries Ltd.(up 1.01 per cent), Ashok Leyland Ltd.