The SENSEX rose as much as 212 points on Wednesday, September 30, while the NIFTY50 index touched an intraday high of 22,737. Gains were led by index heavyweights such as ICICI Bank, Reliance Industries, Tata Consultancy Services, Larsen & Toubro, Kotak Mahindra Bank and State Bank of India. The rally was supported by a softening of international crude oil prices as investors noted signs of recovering crude exports from the Middle East.

However, the gains were capped by weakness in HDFC Bank, Sun Pharma, Bharti Airtel, Adani Ports and Bajaj Finance. As of 9:27 am, the SENSEX stood at 72,699, up 170 points or 0.2 percent, while the NIFTY50 was at 22,734, up 20 points. Ten of the 15 major sector gauges compiled by the National Stock Exchange were trading higher, led by the NIFTY IT index's nearly 2 percent gain, while NIFTY Media, Auto, Bank, PSU Bank, Consumer Durables, Oil & Gas and Private Bank indices rose between 0.4 percent and 1.95 percent.

The broader markets outperformed their larger peers as the NIFTY Midcap 100 index advanced 0.75 percent and the NIFTY Smallcap 100 index gained 0.85 percent. Tata Consultancy Services emerged as the top gainer in the NIFTY50, rising 2.6 percent to ₹2,085. Other gains included Tech Mahindra, HCL Technologies, InterGlobe Aviation, ICICI Bank, Mahindra & Mahindra, Maruti Suzuki, Ultratech Cement and Reliance Industries, all rising between 1 percent and 2.5 percent.

On the flip side, Max Healthcare, Apollo Hospitals, BSE, Adani Ports, Adani Enterprises, Dr Reddy's Labs, SBI Life, Sun Pharma, HDFC Bank and HDFC Life were the top losers in the NIFTY50. The overall market breadth remained positive, with 2,163 shares advancing against 863 declining on the NSE. This breadth indicates that more than twice as many stocks moved higher than lower, reflecting a positive net change in the market.

Asian markets were trading on a mixed note: Japan's Nikkei advanced 1 percent, China's Shanghai Composite index advanced 0.13 percent, Hong Kong's Hang Seng declined 0.08 percent and South Korea's KOSPI fell 0.5 percent. Overnight, US stocks ended lower as rising yields weighed on the markets; the 10-year Treasury yield rose to 5.25 percent from 5.24 percent late Monday, reaching 5.28 percent earlier Tuesday, its highest level since 2002.