At 10:00 am (IST), the BSE Sensex surged 150 points at 10,109 and the NSE Nifty was up 34 points at 3,080.
Bulls have continued to carry forward the momentum on Monday after the government announced a slew of fresh measures, aimed at putting the Indian economy back on high growth path. The RBI too joined the effort with aggressive rate cuts.
Further, overnight gains in the US and a firm start to equity markets across Asia have lifted the sentiments on D-Street.
Among the 30-components of the Sensex, 24 stocks were in the green and only 4 stocks are in negative terrain. ICICI Bank, Reliance Industries, Infosys and SBI were among the major gainers. However, among the major laggards were, Bharti, Satya, and Ranbaxy.
At 10:00 am (IST), the BSE 30-share Sensex surged 150 points at 10,109 and the NSE Nifty was up 34 points at 3,080.
In Asia,
Asian stocks further extended gains lifting the benchmark to its longest gains since 2004. Komatsu Ltd gained 6.7%, Rio Tinto climbed 11%.
The MSCI Asia Pacific Index rose 1.3% to 91.3 as of 10:19 a.m. in Tokyo marking its eighth-consecutive gain, the longest-winning streak since August 2004.
Straits Times was up 1.5% at 1,856. While, Australia's S&P/ASX was down 0.5% at 3,700 and Taiwan Taiex index was up 2.5% at 4,750.
South Korea’s foreign-exchange reserves rose for the first time in nine months in December, on the back of investment gains and a stronger euro. Reserves rose to US$201.2bn from US$200.5bn in the month of November.
Itochu Corp, North American unit acquired a 50% stake in a natural gas-fired power producer in Wisconsin from GE Energy Financial Services.
