The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 16,410.88 points, broadened its gains today on the back of optimistic signs from other major Asian stock markets.
The Sensex gained 158.44 points to trade at 16,546.28 as against its previous close at 16,387.84 points.
At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty was trading 0.98% up at 4,965.65 from its previous close.
Broader market indices were also trading in the positive zone, with the BSE midcap index trading 0.42% higher and the BSE smallcap index 0.43% up.
The majority of the stocks on the Sensex were trading positively, with M&M and ONGC heading the pack.
Asian markets witnessed continued buying actions with major indices ruling positive.
The markets surged in spite of reports that China was reexamining its euro-zone bond holdings, sending feelers that the fastest growing economy in the world was not impressed by the huge financial aid proposed to ward off a financial crisis.
The Japanese Nikkei closed 1.23% higher at 9,639.72, whereas the Shanghai Composite index stood at 2,655.92, up 1.15%.
Hong Kong’s Hang Seng surged 1.48% at 19,480.76, whereas the South Korean Kospi was trading with a 1.6% gain at 1,607.5.
Helped by a global bounce-back, the Sensex had rallied 365 points on Wednesday, its highest single-session increase during the last two weeks.
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