Market witness buying, Banking stock Lead

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Key benchmark indices advanced in trade on Wednesday, led by positive cues from global markets.

The BSE Sensex closed 995 points higher at 31605-mark and the NSE Nifty ended the day higher 285-pts to 9315-level mainly led by banking stocks. ICICI Bank gained 8.95-pc, while Axis Bank closed higher by a solid 14.25-pc and were among top gainers in the Nifty.

The other gainers were Wipro, Grasim and Bajan Finance. On the other hand, major losers include Sun Pharma, Ultratech and Zee Entertainment. Track latest market updates Best stock tips and Best stocks to watch from here.

Bharti Airtel ended the day higher after Bharti Telecom raised Rs8433-cr by selling 2.75-pc stake in the operator to a number of overseas investors and domestic mutual funds.

Among the sectoral gainers, the Bank Nifty come out as top gainer, led by solid gains in Axis Bank and ICICI Bank.

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