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Sensex jumps 300 points after historic Wall Street rebound; RIL, TCS up over 2%

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India's benchmark stock market index, Sensex jumped on Thursday, extending previous session's gains, boosted by a dramatic rebound in the US stocks following upbeat economic data.

Sensex jumps 300 points after historic Wall Street rebound; RIL, TCS up over 2%
India's benchmark stock market index, Sensex jumped on Thursday, extending previous session's gains, boosted by a dramatic rebound in the US stocks following upbeat economic data.
In a buying frenzy, US stocks soared with the Dow Jones Industrial Average rocketing more than 1,000 points for the first time on Wednesday.
Mirroring the bullish sentiment, S&P BSE Sensex jumped more than 352 points, or 0.99 percent, to 36,002, while the Nifty reclaimed above 10,818, up by 88 points, or 0.82 percent. The Nifty MidCap also climbed 0.75 percent to 17,704, while banking major Nifty Bank surged 0.8 percent to 27,200.
Only BSE Telecom index declined among 43 sectoral indexes. BSE IT surged 1.4 percent.
Among the index gainers, Adani Ports surged more than 5 percent, while Bharti Airtel also climbed 4.4 percent. Indiabulls Housing Finance also gained nearly 4 percent. Gail and UPL shares were up 2.74 percent and 2.64 percent, respectively.
Laggards included IOC, which fell 4 percent, Hero Moto 3.65 percent while BPCL, NTPC and JSW Steel dropped between 2.79 percent and 3.24 percent.
In Asia, Japan's Nikkei gained 3.6 percent, jumping nearly 700 points, while Hong Kong's Hang Seng surged 0.6 percent.
Asian shares followed a dramatic surge on Wall Street as the US market tracked positive data and the Trump administration's attempts to inspire investor confidence.
Also, catch all the action and updates in our Market Live blog
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