The S&P BSE Sensex surged over 500 points in trade on Wednesday in step with the upswing in Asian markets, which were trading higher on expectations that China would announce more stimulus measures to support the economy after weak trade data.
The 50-share Nifty index was testing its crucial psychological level of 7,800. Nifty surged over 200 points in trade.
All the 12 BSE sectoral indices were in the green led by realty, metal, IT, consumer durables, auto, oil & gas and healthcare.
The market breadth indicating the overall health of the market was also strong. The BSE mid-cap and small-cap index was up 1.67% and 1.64%, respectively.
The Sensex resumed higher at 25,682.87 and moved in a range of 25,753.93 and 25,573.73 before quoting 25,625.90 at 1100 hours, up 308.03 points or 1.22%.
The 50-share NSE Nifty also moved up 99.40 points or 1.29% to 7,787.65 at 1100 hours.
Major gainers were, Vedanta (7.87%), Hindalco (4.26%), Tata Steel (3.08%), Infosys (2.71%), Hero MotoCorp (1.71%), NTPC (1.53%) and Axis Bank (1.52%).
While, HUL and GAIL were the only losers, down by 1.05% and 1.03%, respectively.
Meanwhile, foreign investors sold shares worth Rs 659.67 crs yesterday.
In overseas markets, Asian shares surged, inspired by the positive finish in offshore markets and as investors bet on China to step on the stimulus soon.
Nikkei rallied by 5.79%, followed by Shanghai 1.69%, Hang Seng 2.89%, South Korea 2.30% and Taiwan 3.45%
The 50-share Nifty index was testing its crucial psychological level of 7,800. Nifty surged over 200 points in trade.
All the 12 BSE sectoral indices were in the green led by realty, metal, IT, consumer durables, auto, oil & gas and healthcare.
The market breadth indicating the overall health of the market was also strong. The BSE mid-cap and small-cap index was up 1.67% and 1.64%, respectively.
The Sensex resumed higher at 25,682.87 and moved in a range of 25,753.93 and 25,573.73 before quoting 25,625.90 at 1100 hours, up 308.03 points or 1.22%.
The 50-share NSE Nifty also moved up 99.40 points or 1.29% to 7,787.65 at 1100 hours.
Major gainers were, Vedanta (7.87%), Hindalco (4.26%), Tata Steel (3.08%), Infosys (2.71%), Hero MotoCorp (1.71%), NTPC (1.53%) and Axis Bank (1.52%).
While, HUL and GAIL were the only losers, down by 1.05% and 1.03%, respectively.
Meanwhile, foreign investors sold shares worth Rs 659.67 crs yesterday.
In overseas markets, Asian shares surged, inspired by the positive finish in offshore markets and as investors bet on China to step on the stimulus soon.
Nikkei rallied by 5.79%, followed by Shanghai 1.69%, Hang Seng 2.89%, South Korea 2.30% and Taiwan 3.45%
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