Sensex rises 996 points; Nifty ends above 9,300

Equity indices finished higher on Wednesday with the benchmark BSE Sensex rising nearly 1,000 points led by gains in banking and financial stocks. The 30-share BSE index rose 996 points or 3.25% to close at 31,605; while the broader NSE Nifty finished 286 points or 3.17% higher at 9,315. Axis Bank was the biggest gainer in the Sensex pack with its shares rising as much as 14.15%.