Markets rise at start; Sensex soars 300 points

The Indian indices bounced back and started the session on a strong note following the healthy gains across global markets. The much awaited speech by Ben Bernanke evoked a positive response from investors on Wall Street and lifted the US markets. Buying activity was seen across the board. IT, TECk and Banking shares were in gaining spree, while FMCG shares traded negative. The adanvance to decline ratio, stood very strong.

Among the 30 Sensex stocks – only ITC was trading down by 0.13%. Infosys surged by 3.34%, followed by TCS that gained by 2.99% and Jaiprakash Associates rose by 2.82%.

At 9.28 am, the Sensex was trading at 16160, 311 points higher and the Nifty was trading at 4835, up by 88 points.