Sensex extends gains; Yes Bank soars 13 pc

Equity benchmark BSE Sensex ticked higher for the third session on the trot on Wednesday, fuelled by gains in banking and auto stocks amid firm cues from other Asian markets.

The 30-share index settled 125.37 points, or 0.34 per cent, higher at 37,270.82. Similarly, the broader NSE Nifty rose 32.65 points, or 0.30 per cent, to finish at 11,035.70.

Investor sentiment has revived amid indications of more steps from the government to shore up growth, while global equities rose on hopes of a trade truce between the US and China, analysts said.

China on Wednesday announced it would exempt 16 categories of products from US tariffs, ahead of a fresh round of trade negotiations next month.

Yes Bank was the biggest gainer in the Sensex pack, rallying 13.47 per cent, following reports that digital payments major Paytm may buy a stake in the lender from co-founder Rana Kapoor.

Tata Motors, Maruti, Tata Steel, Vedanta, Bajaj Auto, IndusInd Bank, SBI, Hero MotoCorp, M&M, Asian Paints, Axis Bank, RIL and L&T too jumped up to 10.21 per cent