Sensex, Nifty gain as financial stocks rebound; investors await key inflation data

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Key Points

Benchmark stock market indices ended Wednesdays trading session with gains as financial stocks rebounded..

While investors are waiting for key inflation data due on Friday, it seems the mood remains upbeat in the wake of strong Q4 earnings...

The S&P BSE Sensex closed 178.87 points higher at 61,940.20, while the NSE Nifty ended 49.15 points higher to settle at 18,315.10..

Some analysts attributed the volatility in the domestic market to profit booking after both benchmarks witnessed strong gains in recent sessions, supported by robust Q4 earnings...

At the same time, investors have turned cautious as global markets declined in the wake of US consumer prices and domestic retail inflation data...

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