Bulls were back with vengeance on Thursday, the expiry day of May futures & options contracts as the late rally helped benchmark indices gained more than 1 percent. The gains were driven by banking & financials, oil & gas stocks and Infosys. Short covering towards the end of session and the gains in global stocks on easing of political concerns in Italy also lifted market sentiment. Investors awaited March quarter GDP growth numbers due later in the day. The 30-share BSE Sensex rose 416.27 points or 1.19 percent to 35,322.38 and the 50-share NSE Nifty gained 121.80 points or 1.15 percent at 10,736.20. In the May series, the Sensex gained 1.7 percent and the Nifty rallied 1.1 percent while Bank index surged more than 7.5 percent. » Read more
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