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Nifty near 11700, Sensex zooms 85-pts, Yes Bank Slump 5pc

Markets ended marginally higher on Wednesday with gains in sectoral guages such as Banks, FMCG and IT stocks.

The 30-scrip Sensex ended 85-pts higher at 39,216-level, while the 5-stock Nifty added 25-pts to close at 11,687.  The Nifty Midcap/ Smallcap index were declined by 0.3/0.2 percent, each.

Indiabulls-HF, ZEEL UPL, Hindalco and SBI were top gainers on the Nifty50, while YesBank, Eicher Motors, GAIL India, Maruti  and ONGC  led the losses.

All sectoral gauges, barring the Nifty Auto &Nifty Pharma, closed higher. The Nifty PSU Bank being top index gained closed higher by 1.12% followed by the Nifty FMCG which closed higher by 84%.

Also, the Nifty IT rose 0.6%, followed by the Nifty Bank & Nifty Financial Services added 0.5/0.4% each.

Yes Bank shares declined 5.25% on concern ahead of Q1 earnings to be announced post market hours today.