Sensex, Nifty end over 1% higher as auto, metal stocks rally

Benchmark stock market indices ended over one per cent higher as auto and metal stocks rallied.

Indian shares closed higher on Wednesday for a second straight session, with auto and metal stocks leading gains, as investors used dips to buy after a broad-based selloff early in the week.

The NSE Nifty 50 index and the benchmark S&P BSE Sensex ended up 1.1% each at 16,955.45 and 56,930.56, respectively. The gains follow a near 1% rise in the indexes on Tuesday after tumbling as much as 3% on Monday.