The top losers are Hindustan Unilever, down 0.91 percent; Wipro, down 0.73 percent and Reliance Infrastructure 0.66 percent.

According to data with the regulator, the Securities and Exchange Board of India (SEBI), foreign institutional investors Wednesday bought shares worth $183.2 million.

Other important Asian markets were trading mixed.

The Nikkei, a key index of the Tokyo Stock Exchange, closed 53.15 points higher at 10,270.77 points.

At the Shanghai Stock Exchange, the benchmark SSE Composite was ruling 2.04 percent down at 2,336.62 points.

The primary index of the Hong Kong Stock Exchange, Hang Seng was in the green at 21,402.92 points, up 536.55 points or 2.57 percent.

All major European markets were ruling in the positive terrain.

In Britain, the FTSE 100 index was ruling 72.37 percent higher at 5,114.5 points, while its French peer, the CAC 40, was up 50.54 percent at 3,802.75 points.

Germany's DAX, too, was ruling in the positive at 5,678.93 points, up 49.95 percent.