Mumbai Aug 23 (IANS) Positive global cues along with the announcement on consolidation of public sector banks lifted the key Indian equity indices -- the NSE Nifty 50 and the BSE Sensex -- on Wednesday.
According to market observers healthy buying in pharma banking and IT sector stocks supported equity indices upward trajectory.
At 3.30 p.m. the 30-scrip Sensitive Index (Sensex) provisionally closed higher by 261 points or 0.84 per cent.
The wider 51-scrip Nifty of the National Stock Exchange (NSE) gained 83.75 points or 0.86 per cent to 9 849.30 points.
The Sensex of the BSE which opened at 31 407.47 points provisionally closed at 31 553.24 points (at 3.30 p.m.) up 261.39 points or 0.84 per cent from Friday s close at 31 291.85 points.
The Sensex touched a high of 31 593.39 points and a low of 31 379.25 points in the trade so far.
The BSE Sensex and NSE Nifty had opened higher on Wednesday against their respective previous session s close. The Indian rupee also opened on a strong note against the US dollar.
--IANS
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