Markets close in green after declining for five days

The gauge had gained 17.43 points in the previous session.

On the other hand, the utilities index inched up by 5.35 points and the power index was up a tad by 0.79 points. "Banking stocks are now witnessing recovery from day's lows".

The Sensex is trading at 29,656.25 points up by 242.59 points or 0.82 per cent.

In the broader market, the S&P BSE Midcap index surpassed the headline Sensex to end 95 points higher at 14,485.49, thanks to rise in the shares of Sun TV, Bayer CropScience and Aditya Birla Nuvo.

Meanwhile, foreign portfolio investors (FPIs) net sold shares worth Rs 673.38 crore during Wednesday's trading session, as per provisional data. "That may have attracted some bargain hunting", Anand James, chief market strategist at Geojit Financial Services, told Mint.

Among individual stocks, shares of India Cements gained 9 per cent to close at Rs 189.90 apiece.

Meanwhile, Yes Bank, was the top loser in Nifty, down 3.76 per cent as the private sector lender reported almost doubling of stressed assets in the March quarter. IDBI Bank fell 1.5%, Corporation Bank 1.5%, Union Bank 1.1%, Axis Bank fell 1%, Bank of Baroda 0.5%, HDFC Bank 0.5%, ICICI Bank 0.3%, IndusInd Bank 0.3%, State Bank of India 0.3%. Hong Kong's Hang Seng lost 0.4% while Japan's Nikkei 225 index ended up 0.1%.

The key indices, which opened the day's trade on a positive note, closed with losses for the fourth consecutive session.

In Europe, France's Paris CAC 40 was up 1.02 per cent, while Frankfurt's DAX 30 gained 0.23 per cent.

Among BSE sectoral indices, realty index was the star-performer and was up 1.34 per cent, followed by consumer durables 0.72 per cent, infrastructure 0.46 per cent and oil & gas 0.36 per cent.

Major gainers were Gail (2.02 percent), Adani Ports (1.83 percent), HDFC (1.82 percent), Asian Paints (1.37 percent), Maruti (1.17 percent), TCS (1.16 percent), Lupin (1.15 percent), M&M (1.13 percent), HDFC Bank (1.03 percent), Infosys (0.96 percent), Bajaj Auto (0.70 percent) and HUL (0.65 percent).

As many as 1,813 shares advanced while 1,054 declined and 174 shares remained unchanged.

  • Eleanor Harrison