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The Sensex and the Nifty ended higher by nearly 0.5 per cent led by capital goods, IT and auto stocks amid firm European cues.
Brokers said covering-up of short positions in some blue-chip stocks by speculators in view of July’s derivatives expiry tomorrow helped snapping the four-session long falling streak.
Besides, a firm trend in European markets with investors taking cues from a rally on US markets ahead of a policy decision from the Federal Reserve, influenced the trading sentiment, they added.
The 30-share BSE index Sensex ended higher by 104.20 points or 0.38 per cent at 27,563.43 and the 50-share NSE index Nifty ended up by 38.05 points or 0.46 per cent at 8,375.05.
Among BSE sectoral indices, capital goods index gained the most by 1.89 per cent, followed by IT 1.48 per cent, auto 1.39 per cent and TECk 1.34 per cent. On the other hand, consumer durables index was down 1.92 per cent, followed by FMCG 0.82 per cent, PSU 0.3 per cent and oil & gas 0.18 per cent.
Top five Sensex gainers were Infosys (+2.04%), Maruti (+1.87%), Lupin (+1.83%), BHEL (+1.78%) and L&T (+1.75%), while the major losers were ITC (-2.35%), SBIN (-2.18%), Reliance (-1.44%), NTPC (-1.17%) and GAIL (-1.08%).
Global markets
European shares climbed on Wednesday, lifted by strong corporate results and bid activity, including a move HeidelbergCement to take control of Italcementi.
The pan-European FTSEurofirst 300 index rose 0.8 per cent, while the euro zone’s blue-chip Euro STOXX 50 index moved up 0.7 per cent. Both are up around 14 per cent so far in 2015.
Asian shares were mostly higher on Wednesday on hopes that Beijing could stem the rout in its markets without damage to the economy, though caution was the watchword ahead of a policy decision from the US Federal Reserve.
The CSI300 index of the largest listed companies in Shanghai and Shenzhen gained 0.6 per cent in choppy morning trade, while the Shanghai Composite rose 0.7 per cent.
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