The benchmark BSE Sensex jumped 241 points on Wednesday following widespread gains as investors widened their bets amid a firming trend in global markets.
The 30-share index, which gained 173.01 points in the previous session, added 240.85 points to 27,140.41. The NSE Nifty reclaimed the 8,300-mark by climbing 92.05 points at 8,380.65. Brokers said a flurry of buying by retail investors and domestic institutional investors amid a firming trend at other Asian markets with commodities-linked shares leading gains boosted by China’s strong inflation reading mainly influenced the sentiment.
Among other Asian markets, Tokyo shares snapped three days of losses today as exporters got a boost from a drop in the yen and with investors eyeing US President-elect Donald Trump`s first formal news conference.
The benchmark Nikkei 225 index gained 0.33%, or 63.23 points, to 19,364.67, while the broader Topix index of all first-section issues rose 0.52%, or 8.09 points, to 1,550.40.