Sensex, Nifty End Higher As IT Stocks Rebound

India, Dec. 11 -- Indian shares rose modestly on Wednesday as IT stocks rebounded from declines over the previous two sessions.

Underlying sentiment remained cautious ahead of key global events as well as the release of macroeconomic data on the domestic front.

The benchmark S&P BSE Sensex rose 172. 69 points, or 0.43 percent, to 40,412.57 while the broader NSE Nifty index ended up 53.35 points, or 0.45 percent, at 11,910.15.

ONGC, IOC, NTPC, Zee Entertainment Enterprises and GAIL climbed 2-5 percent in the Nifty pack, while Yes Bank shares slumped almost 14 percent on uncertainty over capital infusion.

Hindalco, Bharti Airtel, Vedanta and Hero MotoCorp rose 1-2 percent. IT majors TCS and Infosys gained around 1 percent after two sessio...