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On Tuesday, the Sensex gained by 445 points to close at 58,074.68, while the Nifty 50 jumped by 119 points to close at 17,107.50

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BSE Smallcap index outperformed broader markets by gaining 0.54 per cent to close at 25,078.55.

At 2 pm on Wednesday, the core equity indices i.e., Sensex and Nifty 50 were seen regaining lost levels ahead of the RBI Monetary Policy meet. The Sensex was at 58,453 up by 474.62 points or 1.9 per cent, while Nifty was at 17,405.09 up by 155.36 points or 1.8 per cent from the last trading session.