The S&P BSE Sensex staged a smart recovery after starting the day on a muted note amid US Fed worries of interest rate hike. The index rose as much as 529 points in trade led by gains in RIL, L&T, ICICI BankBSE 2.27 %, ITC and TCS.
Sensex and Nifty rose on Thursday, heading for a second straight session of gains after hitting a nearly 2-1/2 week low on Tuesday.
The benchmark BSE Sensex was up 1.8 percent while the broader Nifty gained 1.9 percent.
Both indexes were heading for a second straight day of gains on the back of strong foreign fund buying and as the U.S. Federal Reserve on Wednesday maintained language suggesting that rate hikes would not happen for a "considerable time".
Sensex and Nifty rose on Thursday, heading for a second straight session of gains after hitting a nearly 2-1/2 week low on Tuesday.
The benchmark BSE Sensex was up 1.8 percent while the broader Nifty gained 1.9 percent.
Both indexes were heading for a second straight day of gains on the back of strong foreign fund buying and as the U.S. Federal Reserve on Wednesday maintained language suggesting that rate hikes would not happen for a "considerable time".
The market breadth indicating the overall health of the market was
strong, with more than two gainers for every loser on BSE. 2,138 shares
gained and 815 shares fell. A total of 81 shares were unchanged.
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