Indian shares rallied to close near the day's highs on Wednesday, with strong gains in Europe lending support.
While movements remained largely muted in other Asian markets, gains in Europe for the third day running helped buoy investor sentiment as the trading session progressed.
Meanwhile, investors largely ignored an uptick in both wholesale and retail inflation readings, which reduced the likelihood of a rate cut by RBI in the near term.
The benchmark BSE Sensex ended the session up 322 points or 1.02 percent at 31,770 while the broader Nifty index climbed 103 points or 1.05 percent to 9,897.
Tata Power, Bank of Baroda, Tata Motors, Cipla and Tech Mahindra were among the prominent gainers in the Nifty pack.
Tata Power Company rallied 3.1 percent after its Q1 net profit more than doubled. Mahanagar Telephone Nigam jumped 3.9 percent and Unitech rose 1.3 percent after their June quarter losses narrowed from last year.
Tata Global Beverages soared as much as 8.5 percent after announcing the foray of its water brand 'Himalayan' into the U.S. market.
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