Moody's stable outlook on India pushes up Sensex by 305 pts
Union, have agreed on a deal to lower the country's debt burden.
European markets opened in the green following the deal that will help Greece get nearly 44 billion euros (USD 57 billion) in aid to overcome debt crisis. Key indices in
France, Germany and UK were up 0.51-0.67 per cent.
Key indices in Japan, Singapore, Taiwan and South Korea were up between 0.25 per cent and 0.37 per cent, while Hong Kong and China markets were down.
Persistent capital inflows from foreign funds also boosted the market sentiment in India. FIIs bought shares worth a net Rs 163.14 crore yesterday as per provisional data from the stock exchanges.
The market movement was also impacted by investors squaring their positions ahead of the settlements in the derivative contracts on Thursday.
A sharp rise in heavyweight stocks such as ITC, HDFC Bank, HDFC, Infosys, RIL, Bharti Airtel and ICICI Bank together contributed nearly 225 points to the Sensex gains.
Bharti Airtel was the top gainer with a rise of 5.22 per cent, followed by Sterlite (3.56 pc), HDFC (2.79 pc), HDFC Bank (2.69 pc), Hindalco (2.55 pc), Cipla (2.53 pc), ITC (2.46 pc), Infosys (2.17 pc), Bajaj Auto (2.02 pc), Jindal Steel (1.87 pc), Dr Reddy's Lab (1.77 pc), RIL (1.66 pc), ICICI Bank (1.54 pc), Tata Motors (1.24 pc), Tata Steel (1.22 pc), BHEL (1.13 pc), SBI (1.02 pc) and L&T (0.78 pc).
Amongst the sectoral indices, the BSE-Realty flared up by 3.20 pc, Consumer Durables (3.18 pc), FMCG (2.12 pc), Bankex (1.84 pc), Teck (1.81 pc),
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