The Indian market ended higher after a volatile session on Wednesday. Sentiment remained strong as exit polls indicated Prime Minister Narendra Modi-led National Democratic Alliance (NDA) coming back to power.

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Meanwhile, Asian stocks remained jittery despite Washington’s temporary relaxation of curbs against China’s Huawei Technologies. MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.05 percent higher.

The Sensex settled 140 points higher at 39,110, while the Nifty50 added 29 points to end at 11,738. Among broader markets, the Nifty Midcap was flat, while the Nifty Smallcap gained 0.5 percent.

IndusInd Bank, Sun Pharma, Bajaj Auto, BPCL, and Eicher Motors were among the major gainers on the Nifty50, whereas Tech Mahindra, Yes Bank, Indiabulls Housing, Bharti Infratel, and Zee led the losses.

Among sectors, banking indices gained the most, with Nifty Bank and Nifty Pvt Bank up 0.6 percent and 0.7 percent, respectively. Meanwhile, Nifty FMCG and Nifty IT declined 0.8 percent and 0.7 percent, respectively.

IndusInd Bank rose 5 percent after the bank said that the exposure to stressed companies (funded + non-funded) was at 1.9 percent and it recovered Rs 700 crore in Q4FY19.

Jet Airways advanced for the second straight day, rising 5 percent after Hinduja Group reportedly showed interest in buying a stake in the debt-ridden airline. The group is expected to meet Etihad Airways for further discussions this week, reported CNBC-TV18, citing sources.

Tech Mahindra fell 3 percent after March-quarter profit dropped 7.4 percent and missed Street estimates.

DHFL tanked 10 percent after the company said it has stopped taking fresh deposits and placed renewals on-hold.