Sensex rallies over 350 points; Maruti, Airtel lead

Sensex rallies over 350 points; Maruti, Airtel lead

Sensex rallies over 350 points; Maruti, Airtel lead

It finally ended at 32,949.21, up 352.03 points, or 1.08 per cent - its biggest single-day gain since November 1, when it had surged 387.14 points.

Gas stocks ended higher.

After suffering for the second straight session on Wednesday, key Indian equity domestic indices- BSE Sensex and NSE Nifty opened on a positive note during early morning trade on Thursday.

Vinod Nair, Head of Research, Geojit Financial Services, said: "Market smartly recouped from the yesterday's losses which were triggered by Reserve Bank of India's (RBI) hawkish policy and weakness in global market".

The 50-share NSE Nifty inched up 5.95 points, or 0.06 per cent, to 10,127.75 points. Most Asian shares declined as U.S. policy uncertainty kept sentiment in check.

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According to market observers, robust buying in auto, consumer durables and capital goods stocks lifted the benchmark indices.

Stocks of state-run oil marketing companies such as HPCL, BPCL and International Olympic Committee recorded gains of up to 1.83 per cent after global crude prices dropped by almost three per cent to trade below $63 a barrel.

Bharti Airtel secured podium finish among the Sensex constituents, ratcheting up 6.08 per cent.

Major gainers in the 30-share index were NTPC (2.20%), Maruti Suzuki India (2.16%), Tata Steel (2.08%), Bajaj Auto (1.95%), and Larsen & Toubro (1.66%).

Reliance, Wipro, Sun Pharma, TCS and Infosys were under selling pressure. Asian major also settled higher on Thursday with Nikkei 225 index climbing over 1 per cent followed by Hang Seng 0.28 per cent.

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