he benchmark Bombay Stock Exchange (BSE) index Sensex on Wednesday surged over 212 points in early trade on the last trading session of the Samvat Year 2070, extending gains for the fourth straight day on increased capital inflows amid the government’s reform push.
Brokers said sentiments remained upbeat and capital inflows picked up after the government announced reforms in the oil and gas and coal sectors.
Further, a firming trend in global markets also buoyed trading sentiments.
The 30-issue BSE barometer climbed up by 212.76 points (or 0.80 per cent) to 26,788.41 with auto, capital goods, healthcare, power and metal sector stocks leading the rally.
The gauge had gained 576.31 points in the last three sessions.
Similarly, the broader 50-share National Stock Exchange (NSE) index Nifty shot up by 60.45 points (0.76 per cent), to 7,988.20.
A firming trend at other Asian bourses, tracking strong gains on the US markets, also supported the rally on the domestic stock market, propelled by talk of broader monetary stimulus in Europe.
In the Asian region, Hong Kong’s Hang Seng index was up 0.92 per cent, while Japan’s Nikkei moved up by 2 per cent in early trade on Wednesday.
The US Dow Jones Industrial Average ended 1.31 per cent higher in Tuesday’s trade.
–PTI