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It was a great trading day for those invested in banking stocks which helped key indices close above their highest levels since November 2010. Markets were upbeat over robust China GDP numbers and continuing deferring of QE-3 in the US which will ensure the liquidity flow towards emerging markets such as India.
The 30-share BSE Sensex surged a whopping 2% or 447 points at 20,863 levels while the broader Nifty index ended at 6,182 levels up over 2% or 135 points from its previous close. Broader markets were upbeat too with small-cap and mid-cap indices adding between 0.7-1% on the BSE.
