BSE Sensex gains; Maruti rebounds, ICICI Bank up

Reuters Market Eye - The BSE Sensex gains 0.38 percent, recovering after slumping more than 3 percent over the last three sessions. The Nifty is up 0.44 percent.

Gains also track higher Asian markets on Wednesday after Turkey stunned investors with a huge hike in interest rates, stirring hopes the drastic action would short-circuit a vicious cycle of selling in emerging markets and revive risk appetite generally.

Maruti Suzuki shares rise as much as 8 percent, recovering almost fully from an 8.2 percent drop on Tuesday due to concerns about Suzuki Motor's <7269.T> plans to invest $488 million to build a car plant in India's Gujarat state.

 

ICICI Bank gains 1.1 percent ahead of its December-quarter results later in the day.

The bank may beat consensus profit forecast, Thomson Reuters StarMine's SmartEstimates shows.

(Reporting by Abhishek Vishnoi)