SENSEX GAINS 350 POINTS, AT 31,000, NIFTY RECLAIMS 9,100

Highlights

• Axis Bank emerged as top Sensex gainer with 5 percent gains

• Stocks of Mahindra & Mahindra, UltraTech Cement and ITC were in the list of the losers

• Asian shares shed their recent gains as investor concerns over rising tensions between the U.S. and China

Courtesy of banks and financial institutions, benchmark indices were trading a percent higher on Wednesday.