Sensex, Nifty extend gains into third session; TCS, Infosys lead

Shares closed higher for the third straight session on Wednesday, helped by IT stocks such as Tata Consultancy Services Ltd and Infosys Ltd, although investor sentiment was cautious ahead of the expiry of futures and options contracts later this week.

The broader NSE Nifty closed 0.4 per cent higher at 10,728.85, while the benchmark BSE Sensex ended up 0.57 per cent at 35,716.95.

The Nifty IT index gained 2.9 per cent with TCS rising about 5 per cent and Infosys adding 4.3 per cent.

Meanwhile, state-run lenders fell with the Nifty PSU bank index shedding nearly 2 per cent. Punjab National Bank lost 3.9 per cent, while Bank of Baroda Ltd declined 3.9 per cent.

Private-sector lender Yes Bank Ltd lost the most on both indexes, ending 11.3 per cent lower.