Sensex Soars Over 400 Points, Nifty Above 15,700; Led By Financials

Shares in Asia-Pacific were higher in Thursday morning trading; Hang Seng index was among the biggest gainers regionally, rising 1.19 per cent and Taiwan gained 1.01 per cent

The domestic stock markets have rebounded more than 400 points, post the correction witnessed in the past three trading sessions, on the back of positive global cues. Wall Street had a positive closing overnight, Asian markets have opened on a firm note and early indications from SGX Nifty futures trading suggest a strong opening for the indices back home. At 9:20 am, the Sensex was trading at 52,619.70, higher by 413.90 points or 0.78 per cent and the NSE Nifty was at 15,756.55, up 122.15 points or 0.77 per cent. Shares in Asia-Pacific were higher in Thursday morning trading, with markets in Japan closed for a holiday. Hong Kong's Hang Seng index was among the biggest gainers regionally, rising 1.19 per cent in early trade. The Taiex in Taiwan also gained 1.01 per cent. Wall Street stocks posted their second straight daily gain on Wednesday, with robust corporate earnings and renewed optimism about the U.S. economic recovery fueling a risk-on rally. The Dow Jones rose 0.83 per cent, the S&P 500 gained 0.82 per cent and Nasdaq Composite added 0.92 per cent.