(Reuters) - Indian shares ended higher for a fifth straight session on Wednesday, with gains across most verticals, as investor sentiment was buoyed by a slew of upbeat quarterly results ahead of a key central bank policy meet which concludes on Thursday.
The Reserve Bank of India is likely to change its monetary policy stance to "neutral" from "calibrated tightening", in the first meet under the leadership of Shaktikanta Das, who was appointed last December.
The benchmark BSE Sensex closed up 0.98 percent at 36,975.23 while the broader NSE Nifty ended 1.17 percent higher at 11,062.45.
Both the indexes recorded their best close since September.
Shares of Cipla Ltd closed 5.3 percent higher after posting December-quarter results, while Tech Mahindra Ltd, which led gains in IT stocks after a strong quarterly performance, ended up 8 percent.
(Reporting By Arnab Paul in Bengaluru; Editing by Rashmi Aich)
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app