Sensex, Nifty rise; banks gain
Indian shares extended early gains to ended higher on Wednesday, boosted by banking stocks after the federal cabinet approved a mechanism to oversee consolidation in public sector banks.
The benchmark BSE Sensex closed up 0.88 percent at 31,568.01. The broader NSE Nifty ended 0.89 percent higher at 9,852.5. Both the indexes recorded gains for a second straight session.
The Nifty PSU Bank index closed 2.09 percent up.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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