New Delhi, Nov 19 (UNI) The stock market on Wednesday erased the previous session losses with the indices bouncing back as the Nifty finished above 26,000 led by IT and financials. At close, the Sensex was up 513.45 points or 0.61% at 85,186.47, while the Nifty was up 142.60 points or 0.55% at 26,052.65.

Broader indices remained mixed, with BSE Midcap index rising 0.3%, while Smallcap index fell 0.4%. Among the sectors, Nifty IT index spiked 2.9%. It was followed by the Nifty PSU Bank index which was up 1.16%. Nifty Bank continued hitting fresh record high on the third consecutive session touching new high of 59,264.25, finishing with 0.54% gains at 59,216.05.

Nifty Healthcare was up 0.46%, Nifty Consumer Durables up by 0.36%, Nifty Private Bank up by 0.28%, Nifty Financial Services up

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