Picture used for illustrative purpose. File

Gulf Today Report 

Indian shares jumped on Wednesday due to gains by heavyweight information technology companies.

The blue-chip NSE Nifty 50 index added 0.51% to close at 15,174.80, while the benchmark S&P BSE Sensex advanced 0.50% to end at 51,279.51.

The bounce back in Asian markets after a two-month low also supported the gains. 

READ MORE 

Gold prices drop following gains in US yields and dollars

Apple to launch silicon design centre in Germany

Asian stocks rebound, European stocks drop

The Nifty IT index closed 1.67% higher, with Infosys Ltd gaining 1.7% and providing the top boost to the Nifty 50.

The Nifty Auto Index ended up 0.91%, after falling for five straight sessions. The index was supported by data from an industry body that showed India's total passenger vehicle sales and two-wheeler sales for February rose 17.9% and 10.2%, respectively.