Indian share prices closed two percent higher on Wednesday, extending their recovery after Monday's heavy sell-off, as lower oil prices sparked fresh fund support, dealers said.
They said investor snapped up bank stocks after India's central bank found a buyer for ailing lender United Western Bank while the broader market rose in line with a firmer region after Wall Street picked up overnight.
The benchmark 30-share Sensex rose 233 points to 11,893.79. "The markets were following global leads. Sustained buying was seen in index and mid-cap stocks," said a dealer with brokerage Prabhudas Lilladher.
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