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Sensex Jumps Over 300 Points, Nifty Above 10,200: 10 Things To Know
21 Mar 2018, 11:05 AM IST 
Banking, infrastructure, pharma, and realty stocks jumped
- Banking, infrastructure, pharma, and realty stocks jumped, with the sectoral sub-indices on the NSE up between 1 per cent and 2 per cent.
- Traders said buying activity picked up on positive cues from other Asian bourses as investors look towards the conclusion of US Federal Reserve policy meet due late on Wednesday.
- Short-covering by speculators too supported the rally, they added.
- The Federal Reserve will conclude its two-day policy meet later on Wednesday.
- The US central bank has raised rates five times since it began tightening policy in late 2015.
- State Bank of India (SBI) and Punjab National Bank (PNB) were up 1.8 per cent. Among other PSU banks, IDBI Bank, Allahabad Bank, Canara Bank and Bank of India were trading with gains between 2.6 per cent and 3.9 per cent in morning trade.
- Foreign portfolio investors (FPIs) bought shares worth Rs 344.16 crore on a net basis on Tuesday while domestic institutional investors (DIIs) made purchases worth Rs 731.17 crore, provisional data showed.
- Asian markets rose as a hush settled on Wednesday with investors anticipating a quarter-point hike in the Federal Reserve's policy rate later in the day. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.4 per cent after four straight days of losses, tracking overnight gains on Wall Street. Chinese shares were buoyant with Hong Kong's Hang Seng index gaining 1.3 per cent. Australian and Korean stocks were up marginally.
- At 10:51 am, 41 stocks on the 50-scrip Nifty index were trading in the positive zone.
- Some other top gainers on the index were HDFC, L&T and NTPC - up around 1.5 per cent.
(With agency inputs)