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It was a spectacular rally in late trade Thursday as the Sensex surged 375 points and the Nifty reclaimed 10,100 level intraday, backed by Reliance Industries, private banks, FMCG and metals stocks. The broader markets also participated in the rally, rising for the second consecutive session.The 30-share BSE Sensex rallied 348.23 points or 1.09 percent to 32,182.22 and the 50-share NSE Nifty gained 111.60 points or 1.12 percent at 10,096.40.
All sectoral indices barring PSU Bank closed higher. The Nifty Bank, Auto, FMCG, Metal and Pharma indices gained 1-2 percent, followed by IT with 0.9 percent. However, PSU Bank index was flat with a negative bias.
Reliance Industries rallied 3.88 percent ahead of earnings on Friday after market hours.For more, watch the Markets@Moneycontrol show. Moneycontrol Editor Santosh Nair talks to Rakshita Madan on how the markets fared today.