BSE Sensex surged over 250 points in the morning trade led by heavy buying in rate senseitives like banks, realty, auto along with capital goods. NSE Nifty was also up over a percent and inching towards 6100.

Key equity benchmarks rallied more than 1 percent in the morning trade tracking positive regional shares. Japan’s Nikkei hits fresh 5 ½ year highs on Wednesday on further weakness in yen. US stocks also ended at record highs on hopes of steady US growth will extend the bull run in equity markets.

The Sensex was up 258 points or 1.3 percent at 19980 and the Nifty was up 78 points at 6073. About 942 shares advanced, 341 shares declined, and 84 shares were unchanged.

Key gainers in the Nifty were Reliance Infra, HDFC, Lupin, Punjab National Bank and IndusInd Bank, up over 2 percent each. Laggards included Sun Pharma, Power Grid, Ambuja Cements and Ranbaxy Labs. Only four stocks in the Nifty 50 were trading in red.

The most active share markets on NSE were SBI, HDFC, TCS, United Spirits and Reliance Communications.  Heavyweights like Bajaj Finance, Kotak Mahindra Bank, Lupin, MRF, Glaxosmithkline Consumer, Eicher Motors, Zee Entertainment, Apollo Hospitals, Glenmark Pharma and Reliance Communications touched fresh year highs today.

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