Zee Media Bureau
The benchmark BSE Sensex gained over 191 points on Wednesday on sustained foreign capital inflows amidst a firming trend at other global markets.
The 30-share barometer advanced by 191.16 points to 28,707.75 with most of the sectoral indices, led by IT, metal and oil&gas, traded in positive zone with gains up to 1.98 percent.
On similar lines, the National Stock Exchange index Nifty reclaimed the psychological 8,700-mark by rising 54.10 points to 8,714.40.
Brokers said sustained buying by funds and retailers amid a firming trend at other Asian markets boosted market sentiments.
Banks cutting lending rates hours after a policy review in which the central bank left rates unchanged but again berated the sector for holding up transmission of changes in monetary policy to the economy also helped sentiment.
Asian markets rallied today, led by an almost four percent surge in Hong Kong on its first post-holiday trading day as it reacted to weak US jobs data that reduced the chances of a rate rise any time soon.
The Japanese central bank`s decision to delay any new easing measures pushed the yen up against the dollar, while investors await the release of minutes from the Federal Reserve`s latest policy meeting.
Hong Kong, which last traded on Thursday, soared 3.80 percent, or 961.22 points, to 26,236.86. Shanghai ended 0.84 percent, or 33.43 points higher at 3,994.81 and Tokyo added 0.76 percent, or 149.27 points, to 19,789.81.
Sydney rose 0.59 percent, or 34.7 points, to 5,960.7 and Seoul advanced 0.60 percent, or 12.23 points, to end at 2,059.26.
