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Nifty, Sensex end higher; auto stocks among top gainers

File photo: A man walks past the Bombay Stock Exchange (BSE) building in Mumbai Photograph:( Reuters )

Reuters India Sep 11, 2019, 04.50 PM (IST)

Indian shares settled higher on Wednesday, ahead of key inflation data, with shares of Yes Bank Ltd witnessing its best session in over six months.

The broader NSE Nifty ended 0.3 per cent higher at 11,035.70, while the benchmark BSE Sensex closed up 0.34 per cent at 37,270.82.

Investors await consumer price index data due on Thursday.

The country's retail inflation likely rose to a 10-month high in August, while staying below the Reserve Bank of India's medium-term target of 4 per cent, a Reuters poll of economists showed.

The Nifty banking index, which tracks both state-owned and private-sector lenders, closed nearly 1 per cent higher with Yes Bank shares gaining as much as 19.57 per cent, it is biggest intraday spike since February 14.

Automakers were among the top gainers on the blue-chip index, with Tata Motors Ltd finishing the session 10.6 per cent higher and Eicher Motors Ltd closing nearly 5 per cent up.

Real estate stocks gained too, with the Nifty real estate index adding 4.14 per cent, its biggest intraday rise since May.

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The broader NSE Nifty ended 0.3 per cent higher at 11,035.70, while the benchmark BSE Sensex closed up 0.34 per cent at 37,270.82.