The benchmark-BSE Sensex regained 33000 points after climbing 200 points in the early hours of trade on Wednesday. It comes amid a firm trend in global equities ahead of US Federal Reserve’s policy meeting outcome later in the day.
The 30 share index rises 280 points to cross 33000-mark at 10 AM. It included gains in all other sectoral indices led by banking, realty and PSU stocks with over 1.5% increase.
Sensex had gained 73.64 hours in a volatile session yesterday.
NSE Nifty also climbed more than three-quarters of one percent to be above 10200-mark.
Major gainers were ONGC, SBI, Bharti Airtel, Yes Bank, Axis Bank, Sun Pharma, Infosys, RIL, L&T, Kotak Bank, IndusInd Bank, ITC, Maruti Suzuki, ITC, TCS and Adani Parts that rose more than 2 percent.
Traders said buying activity picked up on positive cues from other Asian bourses as investors look towards the conclusion of US Federal Reserve policy meet due tonight. Short-covering by speculators too supported the rally.
Meanwhile, on a net basis, domestic institutional investors (DIIs) made purchases worth Rs 731.17 crore, while foreign portfolio investors (FPIs) bought shares worth Rs 344.16 crore on Tuesday, provisional data showed.
In other Asian Markets, Hong Kong’s Hang Seng gained 1.25 percent while Shanghai Composite Index rose 0.40 percent in the early hours of trade today.
Financial markets were closed in Japan for a public holiday on Wednesday.
The US Industrial Average of US Dow Jones ended 0.47 percent higher on Tuesday.