BENGALURU (Reuters) - Indian shares closed higher for the third straight day on Wednesday, boosted by gains in financial stocks, with top lender State Bank of India (SBI) clocking a record closing high.
Twenty-eight of the 50 stocks on the broader NSE Nifty fell, but gains in large cap stocks helped the bourse close up 0.21% at 11,687.5. The benchmark BSE Sensex settled 0.22% higher at 39,215.64.
Property finance firm Indiabulls Housing Finance Ltd topped the gains on the NSE Nifty, closing 3.4% higher. Troubled peer Dewan Housing Finance Corporation Ltd ended up 11.2%.
SBI, India’s largest lender by assets, climbed 2.2%, driving the Nifty PSU Bank index 1.1% higher.
Yes Bank Ltd slumped 5.3% ahead of its quarterly results and was the biggest loser on the indexes, while automaker Eicher Motors Ltd dropped 3.2%.
Reporting by Chris Thomas in Bengaluru; Editing by Rashmi Aich