Mumbai: Benchmark indices made an emphatic comeback on Wednesday after a six-session losing streak as investors piled into recently beaten down banking and financial stocks ahead of the earnings season.
The BSE Sensex surged 645.97 points or 1.72 per cent to end at 38,177.95, while the broader NSE Nifty zoomed 186.90 points or 1.68 per cent to 11,313.30. After a cautious start, the key indices gained momentum in afternoon trade, led by banking, financial and telecom counters.
Sentiment got a further boost after the Cabinet hiked the dearness allowance (DA) for central government employees, which is expected to prop up festive demand, analysts said. (PTI)
