November 22, 2017 / 6:38 AM / 2 months ago

Sensex gains for fifth straight session; PSU banks rise

(Reuters) - Indian shares rose for a fifth straight session on Wednesday, helped by a late rally in state-owned banks after the cabinet approved amendments to the Insolvency and Bankruptcy Code.

The benchmark BSE Sensex closed up 0.25 percent at 33,561.55 while the broader NSE Nifty ended 0.15 percent higher at 10,342.30.

The Nifty PSU index closed 1.26 percent higher after falling as much as 1.13 percent earlier in the day.

Reporting by Arnab Paul in Bengaluru; Editing by Vyas Mohan

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