The 30-share Bombay Stock Exchange barometer resumed higher at 18,565.04 and shot up further to 18,689.29 before quoting at 18,693.56 at 1121 hours, showing a net rise of 257 points, or 1.33 per cent, from its last close.
The US markets climbed overnight as signs of progress on the US debt talks and concrete action from Europe on its own debt crisis heartened investors. Among the major indices in the Asian markets, the Shanghai Composite index is up 0.1% at 2,768, the Hang Seng is at 22,356, up 1.7% and the Nikkei is at 10,132, having gained 1.2%.
The NSE's 50-share Nifty index also moved up by 71.25 points, or 1.29 per cent, to 5,612.85 at 1030 hours.
The top gainers on the Sensex - Infosys has rallied nearly 2% to Rs 2,819. Bharti Airtel, Tata Power, Tata Motors and HDFC are also up around up 2% each. on the other hand, DLF is the only loser on Sensex, down 0.6% at Rs 240.
Index heavyweight Reliance Industries (RIL) rose 0.55 per cent to Rs 865.50 ahead of its Q1 results due July 25, 2011.
Asian shares surged in early trade to join a global rally triggered by news of a second bailout for Greece and plans to prevent the sovereign debt contagion from spreading to other European countries. The key benchmark indices in China, Hong Kong, Japan, Indonesia, Singapore, South Korea and Taiwan rose between 0.45 per cent and 1.70 per cent.
The top gainers on the Sensex - Infosys has rallied nearly 2% to Rs 2,819. Bharti Airtel, Tata Power, Tata Motors and HDFC are also up around up 2% each. on the other hand, DLF is the only loser on Sensex, down 0.6% at Rs 240.
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