Indian indices ended higher on Wednesday, tracking a rise in global peers, boosted by IT, auto, metals and pharma sectors. Meanwhile, banking, financial and FMCG stocks also supported the benchmarks. The Sensex ended 254 points higher at 51,279 while the Nifty rose 76 points to settle at 15,175.

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Broader markets were also higher for the day with the midcap and smallcap indices up 0.7 percent and 1.4 percent, respectively.

On the Nifty50 index, JSW Steel, Eicher Motors, Hindalco, Tata Steel and Bajaj Finance were the top gainers while SBI Life, ONGC, IOC, HDFC Life and Kotak Bank led the losses.

Among sectors, Nifty IT and Nifty Metal surged over 1.5 percent while Nifty Pharma gained 1.4 percent. Nifty Auto also rose 0.9 percent after the Federation of Automobile Dealers Association (FADA) February retail sales data showed double-digit growth in passenger vehicle volumes.

FMCG, banking and financial indices were also in the green for the day.

JSW Steel share price advanced 3 percent after ICRA reaffirmed JSW Steel’s long-term (bank facilities and non-convertible debenture) rating at ICRA AA- but changed the outlook from stable to positive, the company informed bourses.

(Edited by : Pranati Deva)