Key benchmark indices surged nearly 2 percent on Thursday, posting their biggest daily gain in over three months, on hopes foreign buying would continue as country can better weather any Fed-related volatility due to improving fundamentals. Traders cited speculation of strong inflows into India, with investors noting the country could better weather any Fed-related volatility due to a recovery in domestic economy and the government's efforts to rein in deficit. The Nifty rose 1.75 percent, or 139.25 points, to end at 8,114.75, closing above the psychologically important 8,100 level.
The market breadth indicating the overall health of the market was positive. In Nifty50 stocks, the advance to decline stood at 46 advances to 4 declines.
The market breadth indicating the overall health of the market was positive. In Nifty50 stocks, the advance to decline stood at 46 advances to 4 declines.
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