The broader NSE Nifty settled 42.95 points, or 0.24 per cent, higher at 17,754.40.
Mumbai:
Equity benchmark Sensex today closed 123 points higher for the third consecutive session led by vigorous buying in banking and financial stocks amid a bearish trend in global equity markets.
Besides, covering of short positions by bears supported late recovery in stocks, which helped in trimming losses, traders said.
However, weakness in the rupee against key rivals overseas weighed on market sentiment and limited the gains.
In a broadly weak session, the 30-share BSE Sensex settled 123.63 points, or 0.21 per cent, higher at 60,348.09. The index touched a high of 60,402.85 and a low of 59,844.82 during the session.
The broader NSE Nifty settled 42.95 points, or 0.24 per cent, higher at 17,754.40.
IndusInd Bank was the top gainer on the Sensex chart, surging up to 4.75 per cent, followed by M&M, L&T, NTPC, ITC, Ultra Cement, Tata Steel, Maruti and SBI.
In contrast, Bajaj Finance, Tech Mahindra, Infosys and Sun Pharma declined up to 2.30 per cent.
In the broader market, the BSE Midcap gauge advanced 0.61 per cent, and the Smallcap index gained 0.28 per cent.
The stock markets were closed on Tuesday on account of Holi.
Elsewhere in Asia, bourses in Shanghai, Seoul and Hong Kong ended with losses, while Tokyo closed in the green.
Equity exchanges in Europe were trading with losses in the afternoon session. In the overnight session, the US markets closed with a significant decline.
The rupee depreciated 13 paise to close at 82.05 (provisional) against the US dollar on Wednesday.
International oil benchmark Brent crude was trading 0.16 per cent lower at $83.16 per barrel.
Foreign institutional investors (FIIs) were net buyers in the capital market, buying shares worth Rs 721.37 crore on Monday, according to exchange data.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
featured video of the day
Sensex opens up 500 points on gains in Adani shares