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The domestic equity market made a smart recovery on Wednesday after trading in losses through the day as investors shed caution ahead of the US Federal Reserve's policy review due later in the day. Investor sentiment was also aided by the uptick seen in most European markets as oil rebounded by over 2 per cent in London and New York.
At the end of a volatile trading session that saw a 352-point swing on the S&P BSE Sensex, the index closed higher by 131 points, or 0.53 per cent, at 24,682. The 50-share NSE Nifty50 closed at 7,498.75, up 38.15 points, or 0.51 per cent.
ICICI Bank (up 2.30 per cent), ITC (up 1.66 per cent), Infosys (up 1.56 per cent), Cipla (up 1.52 per cent), and Lupin (up 1.27 per cent) led the gains on the 30-share BSE benchmark while Asian Paints (down 2.17 per cent), Bharti Airtel (down 1.16 per cent) were the top losers on the index.
Shares of HCL Technologies ended with gains of 0.34 per cent as sources quoted by ET Now said that it will buy up to 38 per cent promoter stake in Geometric at Rs 210-220 per share this week.
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