Axis
Bank was the top gainer in the Sensex pack, surging around 5 per cent, followed
by HDFC twins, ICICI Bank, Bajaj Finance and SBI.
NSE Nifty zoomed 274.20 points to
end at 14,982.
Equity benchmark Sensex
soared 1,030.28 points and the Nifty rallied over 270 points on Wednesday,
tracking strong buying in financial stocks, after trading hours were extended
following a technical glitch at NSE.
After resumption of trade
at 3.45 pm, NSE Nifty zoomed 274.20 points or 1.86 per cent to end at 14,982.
Similarly, the 30-share BSE
index settled 1,030.28 points or 2.07 per cent higher at 50,781.69.
Axis Bank was the top gainer in the Sensex pack, surging
around 5 per cent, followed by HDFC twins, ICICI Bank, Bajaj Finance and SBI.
On
the other hand, PowerGrid, Dr Reddy's, TCS and Asian Paints were among the
laggards.
Minutes
before the scheduled closure of trade at 3.30 pm, leading bourses BSE and NSE
said their equity and derivatives markets will remain open till 5 pm.
The
move came after the National Stock Exchange (NSE) suffered an outage earlier in
the day due to technical glitches.
Trading across segments
came to a halt at 1140 hrs due to connectivity issues.
However, the broader Indian
markets were not impacted as communication lines at BSE remained operational.
"A late surge by bulls
across financials post lifting of the embargo on the grant of GOI business to
private banks took indices up 2 per cent when trade time was extended till 5.00
pm," said S Ranganathan, Head of Research at LKP Securities.
Elsewhere in Asia, bourses
in Shanghai, Hong Kong, Seoul and Tokyo ended on a negative note.
In the forex market, the
rupee gained 11 paise to settle at 72.35 against the US dollar supported by
positive domestic equities and weakness of the American currency in the
overseas market.