Among the gainers in today's trade were Kotak Mahindra Bank, Jindal Steel, Maruti and Ambuja Cements.

Stocks that lost grounds in today's trade were JP Associates, NTPC, Coal India and Siemens.

Stocks of sugar companies rallied on decentralization buzz, Balrampur Chini, Bajaj Hindusthan and Shree Renuka Sugars rose on the reports.

The European Central Bank is expected to keep interest rates unchanged at its policy meeting on Thursday.

Kotak Mahindra gained more than 2% after r the bank announced that it has acquired the business loan portfolio from Barcalys India.

Shares of the Jubilant Foodworks rose as much as 9% after Deutsche Bank upgraded the stock to buy from hold.

Asian markets were up on strong data from euro zone which soothed fears about political uncertainty in Italy and Spain.

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