Mumbai, July 22: A day after it fell by 238 points on the back of disappointing quarterly results, a barometer index of the Indian equity markets gained 333 points during the late-afternoon trade session on Wednesday.

Investor sentiment was buoyed after positive statements were made by the government which indicated political willingness to resolve the impasse on crucial legislations like the goods and services tax (GST) and land bill.Investors also seemed to be willing to make value purchases after Tuesday’s price fall.

The barometer 30-scrip sensitive index (Sensex) of the S&P Bombay Stock Exchange (BSE) was trading at 333.05 points or 1.18 percent up during the session under review.The wider 50-scrip Nifty of the National Stock Exchange (NSE) also made gains and was trading 99.90 points or 1.17 percent up at 8,629.35 points.The S&P BSE Sensex, which opened at 28,159.42 points, was trading at 28,515.19 points (2.45 p.m.), up 333.05 points or 1.18 percent from the previous day’s close at 28,182.14 points.

The Sensex so far touched a high of 28,538.43 points and a low of 28,070.91 points in the intra-day trade.