Sensex rallies 996 points, Nifty reclaims 9,300-mark2Photo©

Sensex rallies 996 points, Nifty reclaims 9,300-mark

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The BSE Sensex rallied 996 points on Wednesday, led by massive gains in banking and IT stocks ahead of the expiry of monthly derivatives amid firm overseas cues.

After hitting a high of 31,660.60 during the day, the 30-share index settled 995.92 points or 3.25 per cent higher at 31,605.22.

Similarly, the broader NSE Nifty surged 285.90 points or 3.17 per cent to 9,314.95.

Axis Bank was the top gainer in the Sensex pack, soaring over 13 per cent, followed by ICICI Bank, HDFC Bank, IndusInd Bank and Bajaj Finance.