Sentiment were also buoyed after Finance Minister Arun Jaitley said GST Bill will be passed in the current session of Parliament, brokers cited.

Reports of below normal monsoon for the second successive year, capped the gains to some extent.

Retrospective taxation concerns and corporate earnings worries also weighed on sentiments, they added.

FIIs on Wednesday met Minister of State for Finance Jayant Sinha and Revenue Secretary Shaktikanta Das on the Rs 40,000-crore tax demand by the government.

"If there is any help that can be given, we will see," Sinha said. The government, however, refused to relent saying the remedy lies in judicial appeal.

Firming trend in other Asian markets and falling crude prices overseas, after Saudi ended its military action in Yemen have a positive impact, trades urged.
 
In volatile movements, the 30-share BSE barometer gained over 151 points in early trade on value-based buying.

The market breadth was largely flat as 1,382 stocks ended in red, 1,359 finished in green while 131 ruled steady.

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