The benchmark index of Bombay Stock Exchange (BSE) rallied for the third straight session on Thursday by 488.89 points to end positive at 39,601.63 on brisk buying across board amidst firm cues from global peers.
The Nifty of National Stock Exchange (NSE) too rose by 140.40 points to 11,831.75.
The US Federal Reserve indicated on Wednesday that it was amenable to rate cuts starting as early as next month, giving a boost to the global stocks.
The Sensex opened on a negative note in early trade but recovered
early losses during the day and finally ended with over 1.2 per cent
gains in late trade at 39,601.
The Sensex swung wildly in the range of 39,638.64 and 38,993.78
The Nifty touched day’s high and low at 11,843.50 and 11,635.05
The broader markets outperformed the Sensex, as the BSE Mid-Cap
index and Small-Cap increased 1.64 per cent and 1.05 pc,
The market breadth was stronger on BSE, as 1,532 shares advanced
versus 1,008 declined and 140 were unchanged.
Overseas, European stocks were trading higher as investors await an interest rate decision from the Bank of England.
Asian stocks ended higher on Thursday as investors went on buying
spree across the globe after the US Fed hinted at a possible rate
cut in July, even though it left interest rates unchanged.
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.2
per cent while Japan’s Nikkei gained 0.5 pc.
Elsewhere in Asia, Shanghai Composite Index, Hang Seng, Nikkei and Kospi ended significantly higher after the US Fed policy outcome.
On Wall Street, the S&P-500 gained 0.3 per cent to 2,926, just 19
points off its record closing high hit on April 30.