Sensex, Nifty at two-year highs; Tata Motors top gainer

In the broader market, the BSE Midcap and BSE Smallcap indices gained 0.4% each

The benchmark indices on Thursday hit their respecttwo-year highs, taking cues from a strong rally on Wall Street after the Dow Jones index closed above 21,000 mark for the first time ever, indicating investors are reposing faith in US economy and aren’t unduly worried about the looming interest rate hike. 

The S&P BSE Sensex rose as much as 0.5% or 148 points to 29133 points, a level last seen on March 13, 2015. The broader Nifty50 rallied 0.5% or 44 points to 8,989, a level last seen on March 4, 2015. 

At 10:44 am, the S&P BSE Sensex was trading