Tata Motors, ITC, Tech Mahindra, HUL, L&T and Infosys were the top gainers, rising 1-3%. On the other hand, Maruti, TCS, Bajaj Finance, Asian Paints, Sun Pharma and Bajaj Finserv closed with cuts.

Indian equity indices reversed early losses and ended higher. The indices were mainly led by banking, financial and auto stocks. Sensex rose 123 points and settled at 62,027 while nifty on the other hand rose 18 points and ended at 18,315.

Indian equity indices closed flat despite favourable US Inflation data that came out yesterday. Even though it was a highly volatile market today - buying was seen all across all major sectors. Sensex dipped 36 pts and ended at 61,904 while Nifty, on the other hand, dropped 18 pts and ended at 18,297.

IndusInd Bank, Power Grid, Tata Motors, and Bajaj Finance were the top gainers, rising 1-3%. Reliance, NTPC, HDFC Bank, and Maruti also closed higher. On the flip side, Infosys, SBI, Sun Pharma, L&T, Tata Steel, and Titan closed in the red zone.

The gains from the index heavyweights TCS, Reliance and Axis Bank were offset by losses in ITC, SBI, and ICICI Bank. Sensex declined 3 pts and settled 61,761 while Nifty rose 2 pts and ended at 18,266.

Banks, financials and auto stocks led the rally as the total market capitalisation of all BSE-listed stocks jumped Rs 2.32 lakh crore to Rs 276.10 lakh crore.

HDFC Bank and HDFC were the top losers, falling over 5.5% each as the merger of both companies may result in slight outflows of $150 to 200 million.

Sensex also hit a 3-month high and rose 556 pts higher to end at 61,749 while Nifty, on the other hand, surged 166 pts and ended at 18,256. Today's rise added 2 lakh crores to investor wealth as well.

Bharti Airtel, Tech Mahindra, Axis Bank, Bajaj Finance, L&T and TCS were the top losers, falling over 1%. On the flip side, HUL, Asian Paints, Tata Motors, UltraTech Cement, ITC and Nestle closed higher.

Sensex and Nifty ended higher ahead of the US Fed Reserve's interest rate decision due tomorrow. The indices were led by banking, financial, auto and IT stocks. Sensex rose 242 points and ended at 61,355, while Nifty surged 83 points and settled at 18,147.