The domestic equity benchmarks surged on Wednesday despite mixed global cues. The Nifty50 index crossed 22,120, led by gains in consumer durables, and private banks. Investors seemed optimistic, buoyed by strong economic fundamentals. However, PSU banks, IT, and media stocks closed lower.

In the barometer index, the S&P BSE Sensex jumped 526.01 points or 0.73% to 72,996.31. The Nifty 50 index gained 118.95 points or 0.54% to 22,123.65.

Reliance Industries (up 3.60%), Bajaj Finance (up 1.63%) and HDFC Bank (up 1%) boosted the indices.

Car major Maruti Suzuki India jumped 2.16% to hit a record high of Rs 12,724.95 today.

In the broader market, the S&P BSE Mid-Cap index rose 0.01% and the S&P BSE Small-Cap index added 0.70%.

The market breadth was weak. On the BSE, ...

• (01-Jan-16 08:45)

  Market may edge higher in early trade
• (01-Jan-16 08:55)

  Metal stocks may slide on weak Chinese data
• (01-Jan-16 09:34)

  Market drops in early trade
• (01-Jan-16 10:17)

  Strong market breadth