Indian equities, the Sensex and the Nifty, jumped over 0.9 per cent at the end of the session on Wednesday on buying in fundamentally strong stocks available at lower levels amid firm global cues.
The 30-share BSE index Sensex was up 187.97 points (1.03 per cent) at 18,414.45 and the 50-share NSE index Nifty was up 53.05 points (0.97 per cent) at 5,548.15.
On the BSE, TECk index gained the most by 2.1 per cent followed by IT 2.05 per cent and banking 1.73 per cent. FMCG index was the only loser (0.4 per cent).
European and Asian shares rose for a third day on hopes of continued central bank stimulus by the world’s leading economies.
US stocks rose yesterday lifting the Dow Jones Ind Average to a record high, as Wall Street embraced the start of first-quarter earnings.
Meanwhile, foreign institutional investors (FIIs) sold shares worth Rs 664.90 crore yesterday, as per provisional data from the stock exchanges.