File photo. Photograph:( Reuters )
The Nifty PSU Bank index jumped over 6 per cent to 1,238.05 while Nifty Bank climbed over 4 per cent to 19,635.
Indian stock market benchmarks BSE Sensex and Nifty 50 index ended with over 2 per cent gains on Wednesday.
The S&P BSE Sensex rallied 637 points or 2 per cent to settle at 32,009. of 30 constituents of the index, 26 ended in the green and rest four in the red. Axis Bank (up 7 per cent) ended as the biggest gainer on the index while Nestle India (down over 5 per cent) emerged as the top loser.
NSE's Nifty advanced 187 points or 2 per cent to 9,383.55 levels.
Sectorally, banking stocks rallied the most. The Nifty PSU Bank index jumped over 6 per cent to 1,238.05 while Nifty Bank climbed over 4 per cent to 19,635.
Pharma stocks, on the other hand, ended in the red. Nifty Pharma slipped over 1 per cent to 9,148.