The benchmark BSE Sensex on Wednesday rose over 212 points in early trade, extending gains for the fourth straight day on increased capital inflows amid the government announcing a slew of economic reforms.
Further, a firming trend in global markets also buoyed trading sentiments. The 30-share index surged by 212.76 points, or 0.80%, to 26,788.41 with auto, capital goods, healthcare, power and metal sector stocks leading the rally. The Sensex had gained 576.31 points in the last three sessions.
In a similar fashion, the broad-based National Stock Exchange index Nifty shot up by 60.45 points, 0.76%, to 7,988.20.
Brokers said sentiments remained upbeat and capital inflows picked up after the government announced reforms in the oil and gas and coal sectors.
Besides, a firming trend at other Asian bourses, tracking strong gains on the US markets, also supported the rally on the domestic bourses, propelled by talk of broader monetary stimulus in Europe.
In the Asian region, Hong Kong’s Hang Seng index was up 0.92%, while Japan’s Nikkei moved up by 2% in early trade on Wednesday. The US Dow Jones Industrial Average ended 1.31%.