The 30-share Sensex closed 27 points higher at 22,076 levels while 50-stock Nifty added 12 points at 6,601 levels.
Volatility is likely to be spike as traders roll over positions in the futures & options (F&O) segment from the near-month March 2014 series to April 2014 series. The near-month March 2014 F&O contracts expire tomorrow.
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Shares in Asia scaled to two-week highs on Wednesday, with sentiment getting a boost from firm U.S. data released overnight and diminishing concerns over the Crimean crisis.
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