Despite a 550-point fall yesterday, the Sensex opened with a positive gap of 215 points at 14,007 on the back of positive cues from the global markets.
The US markets ended on a firm note yesterday, with the Dow Industrial Average gaining 266 points, and the Nasdaq advancing 55 points.
Closer home, the Nikkei rallied 208 points, and the Hang Seng surged 433 points. The Taiwan Weighted index moved up 56 points, and the Straits Times index added 39 points. The Shanghai Composite index, however, slipped 14 points today.
Our markets shrugged-off yesterday's RBI rate hike move and rallied to higher levels led by fresh buying in financial and metal stocks. The Sensex rallied to a high of 14,323, and finally settled (provisional) with a gain of 500 points at 14,292.
The NSE Nifty moved up 127 points to settle (provisional) at 4,317.
