Mumbai: The Bombay Stock Exchange benchmark Sensex surged by 300 points in opening trade today on fresh buying by funds and retail investors, bolstered by firming global trends following a higher-than-expected growth in the US economy.
The 30-share BSE barometer rose by 300.76 points, or 1.87 percent, to 16,353.48 points with all the sectoral indices gaining up to 4.70 percent. The 30-share index had lost 758 points in the previous four sessions.
The wide-based National Stock Exchange index Nifty surged by 101.15 points, or 2.06 percent to 4,851.70 points.
Brokers said sentiments on the domestic bourses turned better following firming trends on the global markets as the GDP data showing the US economy returned to growth in the third quarter, first time in more than a year.
Sterlite Industries gained 4.54 percent to Rs 780, Tata Steel by 4.