Indian equities continued to rise for the second day on Wednesday on the back of sustained buying interest seen in banking and financial stocks.At the close, the benchmark 30-share index, BSE Sensex added 1,030.28 points or 2.07% at 50,781.69 with 20 components registering rise. Meanwhile, the broad based NSE Nifty went up by 274.20 points or 1.86% at 14,982 with 34 components posting rise.
Reliance Industries contributed rise of 88.79 points in the Sensex. It was followed by Larsen & Toubro (66.12 points), State Bank Of India (51.08 points), Oil & Natural Gas Corporation (28.94 points) and Infosys (21.72 points).
However, Tata Consultancy Services contributed fall of 25.59 points in the Sensex. It was followed by Tata Motors (9.57 points), NTPC (3.63 points), Sun Pharmaceutical Industries (2.95 points) and Maruti Suzuki India (2.8 points).
Biggest gainers in the 30-share index were Axis Bank (5.23%), HDFC Bank (5.12%), ICICI Bank (4.10%), Bajaj Finance (3.15%), Housing Development Finance Corporation (3.06%), and State Bank Of India (2.65%).
On the other hand, Power Grid Corporation Of India (1.31%), Dr Reddy's (1.06%), Tata Consultancy Services (0.96%), Maruti Suzuki India (0.41%), and NTPC (0.39%) were the major losers in the Sensex pack.
Market breadth was positive with 1,863 advances against 1,068 declines.