Sensex, Nifty close higher as covid cases drop; financial stocks gain

Sensex and Nifty have ended Wednesday's trading session on a positive note as the Covid-19 situation continues to improve in the country. Gains in financial and IT stocks also helped boost benchmark indices.

Indian shares ended higher on Wednesday, riding on gains in information technology and financial stocks as sentiment was bolstered by a steady drop in COVID-19 cases. The blue-chip NSE Nifty 50 index closed 0.61% higher at 15,301.45, while the benchmark S&P BSE Sensex rose 0.75% to 51,017.52. Equities also got a boost after U.S. Federal Reserve officials reaffirmed a dovish monetary policy stance, reassuring investors worried about the prospect of rising inflation.