MUMBAI (Dow Jones)--Indian shares ended higher Wednesday, snapping a six-session losing streak, propelled by a rally in banks, techs and Reliance Industries, as well as positive trading in most global markets. The Bombay Stock Exchange's 30-share Sensitive Index gained 507.19 points, or 3.3%, to end at 15,912.13. It had finished at a two-month low Tuesday. Asian markets advanced Wednesday, with many of them rebounding on the back of rising commodity shares amid soaring gold prices, while European markets started the day higher, buoyed by better-than-expected corporate earnings and higher U.S. futures. The Sensex, which had lost 8.4% in the past six sessions, traded between 15,487.97 and 15,929.09 during the session. "The index was heavily oversold. So, technical buying has emerged today," said Alex Mathew, head of research at Geojit BNP Paribas Financial Services. Sentiment was helped also by Finance Minister Pranab Mukherjee's comments late Tuesday that the Indian government's fiscal stimulus will have to continue until the economy recovers fully. However, market participants believe that Wednesday's gains are temporary, and a further correction is possible. "There is no immediate trigger to take the index higher and in the absence of triggers, people tend to start booking profits," said Sonam Udasi, vice president at BRICS Securities. He expects the Sensex to test 14,000 levels in the next two months. On the National Stock Exchange, the 50-stock S&P CNX Nifty rose 146.90 points, or 3.2%, to close at 4,710.80. Tech stocks jumped on hopes of improving demand outlook for IT companies, with Infosys Technologies, India's second-largest software exporter by revenue,rising 4.7% to close at INR2,239.60. Banks climbed. They had fallen over the past few sessions after the Reserve Bank of India announced a policy change that tightens norms for banks' non-performing assets. ICICI Bank, the country's largest private lender by assets, jumped 5.2% to INR827.80. Reliance Industries, controlled by billionaire Mukesh Ambani, rose 5.5% to INR1,920.65. A court hearing of the company's gas pricing dispute with Reliance Natural Resources that was due Wednesday got pushed to Thursday after one of the judges said he would remove himself from the case as his daughter is associated with a law firm which has been an advisor to Reliance Industries. Jaiprakash Associates soared 9.4% to end at INR212.65 after the construction and engineering firm reported a 41.3% jump in October cement sales. Aluminum producer Hindalco Industries rose 9.2% to INR119.15. Total traded volume on the BSE was INR51.21 billion Wednesday, little changed from Tuesday's INR51.14 billion. Gainers beat decliners 1,774 to 946, while 59 stocks remained unchanged.

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