Indices extend gains on strong global cues; markets eye RBI's policy

Investors were also keenly eyeing the US inflation data which was due on Thursday

The Indian markets gained on Wednesday, along with global peers, after peace moves on the Ukraine crisis and the Bank of France governor's statement about the European monetary policy boosted investor confidence and triggered a rebound in technology shares.

Back home, a jump in automobile and financial stocks, too, helped lift the markets.

The benchmark Sensex ended Wednesday's session at 58,466, up 1.1 per cent or 657 points. The Nifty50, on the other hand, ended the session at 17,464, following a gain of 197 points or 1.1 per cent. But the broader market continued to underperform with the Nifty Smallcap 100 index