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Sensex Jumps 330 Points; Nifty Ends At 10,576

Indian shares rallied on Thursday as ACC, BHEL and Cipla posted encouraging quarterly results and the oil market downturn helped ease investor concerns surrounding inflation and rising twin deficits.

Oil prices hovered near six-week lows in Asian deals after closing down about
2.5 percent the previous day on worries over surging U.S. output.

The benchmark BSE Sensex climbed 330.45 points or 0.97 percent to 34,413.16, while the broader Nifty index ended up 100.15 points or 0.96 percent at 10,576.85.

SBI, Dr Reddy's Laboratories, Indiabulls Housing Finance, Infratel, Sun Pharma, Ambuja Cement and Cipla jumped 3-8 percent in the Nifty pack, while NTPC shed 1 percent and Aurobindo Pharma lost 2.5 percent.

Globally, Asian stock markets fluctuated before closing on a mixed note even as Chinese exports and imports figures beat expectations.

European stocks fell in early trade, although some upbeat earnings news as well as a weaker euro helped to limit overall losses ahead of the Bank of England's monetary policy decision, due later in the day.

by RTT Staff Writer

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