The benchmark Nifty surged more than 2 per cent, witnessing its biggest single day gain since nine months on across the board buying buoyed by diminished US Federal Reserve rate hike this year after weaker-than- expected US jobs data.
Emerging markets across the globe once again redeemed amid easing financial volatility after the release of US job data figures for the month of September is lower than expected, fading chances of imminent rate hike in near future.
Upbeat domestic Investors lapped up shares supported by firm global cues as the indices opened with upgap, the rally was led by financials up by 3.75 per cent, Metals 3.15 per cent, Infra 3.07 per cent, Bank 3.05 per cent, PSU Bank 2.50 per cent, Energy 2.29 per cent, Auto 2.06 per cent and IT 1.13 per cent.
Stocks of Midcap and Smallcap companies also gained 2.10 per cent and 1.90 per cent respectively.
The 50-share Nifty opened higher at 8,005.10 and surged to an high of 8,128.90, before concluding at 8,119.30, showing a sharp gain of 168.40, or 2.12 per cent over its previous close.
Elsewhere, Asian stocks ended higher and European markets also trading up on lower than expected US jobs data.
Stockwise, major gainers were Tata Steel, Tata Motors, ICICI Bank, HDFC, Bosch Ltd, IDFC, L&T, Axis Bank, Yes Bank, HDFC Bank and Reliance.
Turnover in the cash segment were Rs 18,698.45 crore. A total of 8,811.53 lakh shares changed hands in 81,86,404 trades, while market capitalisation stood at Rs 96,76,436 crore.
