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Sensex Nifty end higher, Banking stocks lead

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After two consecutive days of losses the benchmark indices closed Wednesday’s session marginally higher.

The BSE Sensex closed 232 points up at 31,686, whereas the NSE Nifty50 rose 65 points to close at 9,271 on Wednesday.

The Nifty bank index, which had declined about 10-pct over the last two days, climbed more than 2 percent. Nifty Financial Services index also climbed around 2.57 percent for the day.

Among other indices sectorally, Nifty Auto rose 1.84 percent and Nifty Pharma was up 0.50 percent. However, Nifty FMCG lost 1.87-pc while the Nifty PSU Bank index also ended lower by 0.88-pc. Get the updated Best stock to buy and Free Nifty tips  from the expert.

Major gainers included Bajaj Finance, M&M, Gail India, HDFC Bank, and ICICI Bank while Bharti Infratel, ITC, Coal India, Indian Oil Corporation and Hindustan Unilver (HUL) led major losses.

Shares of ITC fell 5.15-pc to Rs.164.95/share on reports that govt was planning to sell its stakes in the two companies.