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Sensex closes at near-3-month high; financials lead

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Reuters
Last Updated : Jan 25 2017 | 3:57 PM IST

REUTERS - Indian shares closed at their highest in nearly three months on Wednesday, as financial stocks continued to rally on the back of quarterly results, while sentiment was aided by optimism ahead of the federal budget.

The broader NSE Nifty closed up 1.50 percent at 8,602.75, while the benchmark BSE Sensex ended 1.21 percent higher at 27,708.14.

Both indexes closed their highest since Nov. 1, 2016 and recorded their biggest single-day percentage gain since Dec. 27, 2016.

Indian financial markets will be closed on Thursday for a public holiday.

(Reporting by Darshana Sankararaman in Bengaluru; Editing by Sunil Nair)

Disclaimer: No Business Standard Journalist was involved in creation of this content

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First Published: Jan 25 2017 | 3:49 PM IST

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