Sensex gains 1.8% on FII, global cues

The Bombay Stock Exchange benchmark Sensex rose by 349 points or 1.8 % to close at 19,471 on Wednesday, following strong global cues and net FII inflow of Rs 2,064 crore.

The Bombay Stock Exchange benchmark Sensex rose by 349 points or 1.8 % to close at 19,471 on Wednesday, following strong global cues and net FII inflow of Rs 2,064 crore.

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The broader Nifty at the National Stock Exchange also rose 110.9 points to close at 5,851.6.

If Infosys results and guidance pulled the markets and IT stocks down, a good result from HCL technologies lifted the market sentiments. HCL Tech rose 9.9%, while IT majors TCS and Wipro saw share prices rise by 4.6% and 3% respectively. The Auto and the IT sector were the biggest gainers on BSE gaining 2.7% and 2.4% respectively.

All major European markets were up by over 2 per cent on Wednesday after the Asian markets closed in the green.