Axis Bank was the top contributor in the surge as it jumped over 6% intraday post strong Q4 earnings. Other top contributors were ICICI Bank and SBI. The Nifty Bank index shot up by over 300 points at the closing.

ET Market Watch: 5 key factors behind today's stock market rally

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Markets erased morning gains due to losses in RIL, L&T, HDFC Bank, and Airtel. These stocks pulled down the headline indices, the most in terms of their contribution to the respective indices.

ET Market Watch: Rs 2 Lakh Cr wiped off from markets, Sensex drops 733 pts: 7 factors behind the crash

Fed Chair Jerome Powell on Wednesday said a rate hike was unlikely, but reiterated that a rate cut would be considered only if inflation in the economy eased further.

ET Market Watch: Sensex ends 128 pts higher, Nifty above the 22,650 mark

Nifty Auto rose 1.8%, led by M&M, Exide Industries, and Apollo Tyres. Bajaj Auto, Hero MotoCorp and Maruti Suzuki jumped between 0.9% and 2.1%.

ET Market Watch: Sensex slips 690 pts from its day's high & ends 189 pts lower, Nifty at 22,604

Highest-weighted banking stocks on Nifty traded with strong momentum. ICICI Bank, SBI, HDFC Bank and Kotak Bank were four of the top contributors today. Nifty Bank hit a fresh lifetime high today rising 1200 pts

ET Market Watch: Sensex rallies over 940 points today! Here are 5 factors behind the rally

Tech Mahindra, Divi's Labs, LTIMindtree, Bajaj Auto were the top gainers of the day. Bajaj Finance, Bajaj Finserv, IndusInd Bank and Nestle India were the top losers.

ET Market Watch: 5 key factors behind today's stock market rally

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