Global equity markets rose to a fresh record high. New Delhi: The BSE and NSE will remain closed on Wednesday on account of Babasaheb Ambedkar Jayanti. Stock markets regained footing on Tuesday after the previous session's massive selloff, tracking renewed buying interest in financial, bank and auto counters amid firm global cues. Building on a positive start, the 30-share BSE Sensex gained momentum in late-afternoon trade to close 660.68 points or 1.38 per cent higher at 48,544.06. On similar lines, the broader NSE Nifty surged 194 points or 1.36 per cent to finish at 14,504.80. M&M was the top gainer in the Sensex pack, rallying 8.02 per cent, followed by Bajaj Finserv, Bajaj Finance, Maruti, IndusInd Bank, ICICI Bank, ONGC and Axis Bank.