Zee Media Bureau/Ajeet Kumar
Mumbai: The S&P BSE benchmark Sensex zoomed by over 400 points in afternoon trade Thursday on persistent buying, mainly in metal, banking, IT, auto, capital goods and oil & gas sectors as a partial government shutdown in US raised hopes the Federal Reserve would stick to its stimulus for longer.
Appreciation in rupee against US dollar also supported market sentiment.
In the foreign exchange market, the rupee was hovering at 61.75 per dollar as against the last close of 62.46.
The Sensex resumed higher at 19,585.79 and firmed up further to 19,921, showing a gain of 404 points from its last close.
The NSE 50-share Nifty also rose by 133 points to 5,914.
Major gainers were Sesa Goa (7.55 percent), Bajaj Auto (5.13 percent), Hindalco ( 4.65 percent), TCS (4.19 percent) and Tata Steel (4.10 percent).
Asian shares turned higher, shaking off a weak start following an encouraging reading on manufacturing activity in China.
Key benchmark indices in Japan, Hong Kong, Taiwan and Indonesia rose 0.11 percent to 1.5 percent while Singapore' Straits Times fell by 0.1 percent. Markets in mainland China are closed till 7 October 2013 for National Day holidays.
US stocks fell yesterday as investors watched for progress on ending an impasse over federal spending that shut down the government for the second day.
First Published: Thursday, October 03, 2013, 15:28