Markets on the move: Sensex reclaims 60,000

The latest news from Dalal Street is cheering on the bulls as the Sensex reclaimed 60,000 in Wednesday's trade. This is the highest that the benchmark 30-stock index has been since April 5.

The upmove was supported by the Bajaj Twins (Finance and Finserv) while HDFC Bank and ICICI Bank also nudged the index higher. Oil and Gas major Reliance was the only non financial mover in the top 5 gainers.

Broader markets, too, reflected similar resilience as Nifty Midcap 100 and Nifty Smallcap 100 gained in trade up nearly 1%. Sector-wise, Nifty Bank, Nifty Media, Nifty FMCG were the winners. Nifty Auto, however, saw some profit-booking in trade.

Macro economic data has also been supportive with inflation showing some signs of relief and the bets of further rate hikes from RBI have eased.