Sensex jumps 600 pts on positive global cues

Indian equity benchmarks BSE Sensex and NSE Nifty50 jumped on Wednesday amid gains across sectors, tracking strength across global markets as strong corporate earnings in the US took investors' minds off fears of slowing growth due to steep hikes in COVID-era interest rates. Oil & gas, financial, IT and auto shares were the biggest boosts for both headline indices. Broader markets also strengthened, with the Nifty Midcap 100 and Smallcap 100 indices rising around one percent each in early deals. Investors awaited financial results from blue-chip companies including Wipro, IndusInd and Havells due later in the day for domestic cues.