Bulls drive Sensex over 1,000 points higher: Here are top 3 reasons why

Bulls tightened grip on Dalal Street as benchmark indices Nifty50 rallied over 300 points or 1.7 per cent to hit day's high of 17,628 levels in Friday's intra-day trade. The S&P BSE Sensex, meanwhile, soared over 1,000 points or 1.7 per cent to claim day's high of 59,930 levels. TRACK LIVE UPDATES

The spike comes after the US Federal Reserve Atlanta President Raphael Bostic vouched for a measured rate hike approach, which strengthened global sentiments.

Broader markets, meanwhile, jumped in tandem as Nifty Midcap 100 and Nifty Smallcap 100 indices climbed up to 0.9 per cent. Volatility index,