Indian shares climb

Indian shares rose to multi-month closing highs on Wednesday as a raft of upbeat quarterly earnings reports helped boost investor sentiment, with financials leading gains.

The broader NSE index closed 0.49% higher at 11,844.10, its highest since July, while the benchmark BSE index settled up 0.55% at 40,051.87, its highest since June. The Nifty PSU Bank index, which tracks the country's state-run lenders, added over 4%, with all 12 stocks finishing in the green.

United Bank of India surged nearly 20% after the lender posted strong quarterly results.

Reliance Industries Ltd, India's most valuable company, rose over 1% to settle at a record high. Both Maruti Suzuki India Ltd and Yes Bank Ltd finished the session over 2% lower and were among the top percentage losers on both the indexes.