Mumbai (Maharashtra), Oct. 9 -- : Equity benchmark indices reversed early losses on Wednesday and surged upwards, led by banking and financial stocks ahead of the Q2 corporate earning results.
At the closing bell, the BSE S&P Sensex was up by 646 points or 1.72 per cent at 38,178. The Nifty 50 wound up 187 points higher at 11,313. At the National Stock Exchange, all sectoral indices were in the positive zone except for IT.
Led by cheerful market sentiment, Nifty bank edged higher by 3.6 per cent and financial service by 3 per cent. But Nifty IT slipped by 0.7 per cent.
Among stocks, Raymond jumped by over 10 per cent intraday after its associate company signed an agreement to sell its property in Thane for Rs 700 crore.
Private lenders ...