Sensex gains 274 points

Updated at  1.10 pm

MUMBAI:  The Bombay Stock Exchange benchmark sensex on Wednesday resumed its upward climb, gaining 274 points at mid-session on active buying by funds in blue-chip stocks.

 The BSE sensex, which lost 392 points in the last three trading sessions, bounced back by 273.68 points at 11,910.46 at 1.00 pm. Similarly, the National Stock Exchange index Nifty shot up by 82 points at 3544.65.

Reliance Industries gained Rs 24.10 to touch Rs.976.85 ahead of working results to be announced on Thursday. Infosys also gained Rs.92 to Rs.3239.90. BHEL also surged by Rs.55.30 to Rs.2386.40.

Besides, auto stocks led by Maruti continued their support to the trading sentiment, ahead of announcement of working results by the company on Wednesday.

Among the 30 index shares on the Sensex, Larsen and Toubro and Ranbaxy were down while all others traded significantly higher.