After a choppy start, the Indian equity market picked up pace during the day and ended sharply, led by stocks and metals. The shares of Hindalco, Gail India, Tata Steel and Vedanta led the gains among the stocks, while HDFC and HDFC Bank were the leading players in the financial sector.

Overall, a meeting between non-bank financial companies (NBFCs) and financial companies (HFCs) has led to a collapse of the Axis bank, which was hampered by trading times due to reported earnings in March.

While the Sensex improved 605.64 points, or 1.9%, to 32,720.16, the Nifty 50 rose 172.45 points, or 1.8%, to finish at 9,553.35 points.

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