Mumbai: The benchmark Sensex surged over 300 points late afternoon on Wednesday, 10 December on buying by funds in realty and metals stocks.
The 30-share index gained 330.25 points at 9,492.87 at 2:05pm with Grasim, DLF, SAIL and Tata Communications leading.
The wide-based National Stock Exchange Nifty shot up by 100 points at 2,884 at the same time.
Buying sentiment in the market has prevailed since government announced measures to boost Indian economy on Sunday. Reserve Bank of India also further announced interest rate cut by 100 base points.
Meanwhile Asian stocks rallied more than 3% on hopes of governments rescuing economies with new measures. Hong Kong’s share index Hang Seng closed 5.6% higher, where as Nikkei rose 3.2% to hit a one-month closing high.