Markets continue to surge in the noon deals Thursday on strong global cues, with the Sensex gaining 479 points to 13,054 levels. The broader markets index Nifty advanced 118 points to 3,935.
The US markets surged on Wednesday, led by financial stocks, after better-than-expected results at Wells Fargo, one of the leading US bank and mortgage lender, easing worries about the on-going credit crisis. The Dow Jones industrial average soared 2.52 per cent, to 11,239.28.
Buying is visible across almost all the sectors, with the sectoral indices on the BSE in the green. However, the metal counters are in red turf by 1 per cent.
Banking and realty have seen the most buying, with both the sectoral indices on the BSE surging by over 4.8 per cent each.
Among the BSE-30 scrips, Housing Development Finance jumped 8.5 per cent to Rs 1866 levels. Other major gainers include Maruti Suzuki, which is up 7.7 per cent to Rs 589. Jaiprakash Associates also advanced 6.8 per cent to Rs 145.
Other Asian markets are also trading firm on Thursday. Hong Kong’s Hang Seng, Japan’s Nikkei and South Korea’s Kospi are in green turf by over 1 per cent each.