Sensex gains 499 points | Axis Bank is the top gainer

MUMBAI: Equity benchmark indices, S&P BSE Sensex and NSE's Nifty50, ended around 1.5 % higher on Wednesday amid buying in financial counters. Meanwhile, improved Manufacturing PMI data for May and better June GST collection boosted investor sentiment.

The S&P BSE Sensex rallied 499 points or 1.43 % to end at 35,414.45 with Axis Bank (up 6.5 %) being the top gainer and NTPC (down over 2 %) the biggest loser. NSE's Nifty ended at 10,430, up 128 points or 1.24 %. Volatility index, India VIX, dropped around 3.5 % to 28.10 levels. In the broader market, the Nifty Midcap 100 index gained 0.5 per cent while the Nifty SmallCap 100 rose 0.85 %

Sectorally, PSU bank stocks rallied the most. The Nifty PSU Bank index gained over 3.6 % while Nifty Bank climbed nearly 3 per cent to 21,977.60 levels. (IANS)

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