Mumbai : Equities extended their impressive rally for the second straight session on Wednesday on sustained buying in blue-chips amid encouraging global cues.
Buying in realty, capital goods, metal and IT stocks lifted the benchmark Sensex by over 109 points to end at one-week high of 19,252.61, extending gains for second straight day.
The domestic sentiment was supported by ongoing surge in global stocks following optimism over the US economy and expectations of continued easing measures from Central banks world wide. The Dow Jones Industrial Average hit historic highs in overnight session driven by improved US service industry data.
Meanwhile, Australia’s ASX 200 index and Japan’s Nikkei hit fresh four-and-a-half-year highs, while European stocks were trading at their highest level since the 2008 financial crisis.
Smart rise in shares of L&T, Infosys, Tata Motors, ICICI Bank, RIL, SBI, TCS, Sterlite, Tata Steel, ONGC, BHEL and Hindalco mainly supported the Sensex surge. However, fall in ITC, HUL, M&M and HDFC Bank counters limited the rise to some extent.