Bombay Stock Exchange Sensex jumped 365 points in early trading on Thursday, while Nifty surged 109 points to hit the 8,800-mark. Market sentiments gained from trading across the board and inflows from investors abroad. The early gains were supported primarily by the banking sector – HDFC Bank, State Bank of India, Axis Bank and ICICI Bank – as well as Tata Steel, Maruti Suzuki, Hero MotoCorp, Tata Steel, Oil and Natural Gas Corporation and Reliance Industries Ltd, PTI reported.
The rally came amid positive cues from other Asian markets. While the Shanghai Composite Index rose 0.77%, Hong Kong's Hang Seng gained 1.54%. Investors were also encouraged by the United States Federal Reserve's decision to keep its benchmark interest rate unchanged for the sixth consecutive time. It said it needed further indications to prove the strength of the US economy.
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