The Bombay Stock Exchange (BSE) sensex ended higher for the third successive day on Wednesday, as investors lapped up old economy stocks. The sensex ended 9.65 points higher at 2959.79.
The index has gained 1.2 per cent in the past three days, after falling to a six-month closing low last Friday.
Meanwhile, at the National Stock Exchange, the S&P CNX Nifty index closed 1.75 points higher at 934.05. Losers, led by technology stocks, outnumbered gainers 622 to 586, even as 6.2 crore shares changed hands.
Dealers said there are no fresh triggers in the market, and investors were waiting for the corporate results to provide some direction.
Bank shares were boosted by strong earnings and dividends. Bank of India rose 5.6 per cent to Rs 42.40 after it reported that net profit for the last quarter had more than tripled to Rs 283 crore. Vijaya Bank also climbed 1.8 per cent to Rs 17.40 after its quarterly earnings more than doubled from a year earlier.
Elsewhere, technology stocks dropped further, as the market remained nervous about the sector
