Equity benchmarks extended their gains for the second day, tracking a rise in broader Asian stocks following China's commitment to step up its economic stimulus efforts, with investors hoping for more clarity ahead of several central bank meetings.
The 30-share BSE Sensex index jumped climbs 320.69 points to 59,566.67, and the NSE Nifty Index rose 98.85 points to 17,764.65.

Reliance Industries shares rose 1.1 per cent after announcing plans to pay $32 million for a 79.4 per cent share in SenseHawk, a California-based provider of solar energy technologies.

The Nifty 50's biggest percentage gainer, Apollo Hospitals Enterprise, increased by as much as 2.5 per cent.

Major gainers in the opening session of the Sensex pack included Power Grid, NTPC, Bharti Airtel, Reliance Industries, Titan, Maruti, HDFC Bank, Hindustan Unilever, and Bajaj Finance.

On the other hand, laggards included Kotak Mahindra Bank, Nestle, Tech Mahindra, Wipro, Sun Pharma, Tata Consultancy Services, HCL Technologies, and Bajaj Finserv.

That comes after equity benchmarks rose on Monday, defying a broader sell-off in stocks on risks for a global economy already dealing with rising inflation and a wave of monetary tightening increased as a result of Europe's increasing energy crisis.

"Yesterday Indian benchmark indices outperformed global peers amid weak global market cues. All major sectors participated in the rally with the broader market also showing strength," Mohit Nigam, Head of the Portfolio Management Services Division at Hem Securities, told ANI.

Dreamfolks Services is now preparing to make its stock market debut.

During the three-day window last month, Dreamfolks Services' initial public offering was subscribed 56.68 times.

According to reports, Dreamfolks Services is India's biggest platform for aggregating airport services. It has an early mover advantage in the airport services aggregator segment. It claims to control 95 per cent market share in the segment.

"The debutant is expected to list with handsome gains. We expect Indian indices to remain range bound in the absence of any major global or domestic events," said Hem Securities' Mr Nigam.
Source: NDTV
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