Sensex gains 300 pts on global cues

The National Stock Exchange's Nifty gained nearly one per cent or 99 points to close at 10,265.7

The BSE benchmark Sensex rallied a little more than 300 points for a second day, buoyed by a sharp rally in global equities and expectation of a Bharatiya Janata Party (BJP) victory in the Gujarat election.

The election in Prime Minister Narendra Modi’s home state is seen as a key test for his party, ahead of the general election in 2019. Market players see a BJP win as positive, for continuation in policymaking and reform.

Meanwhile, most global equities have been gaining on tracking the gains on Wall Street in the US, where progress on a tax reform Bill is keeping sentiment