Nifty extends rally; Sensex jumps 300 pts as WB ups India ranking

Equity benchmarks extended gains in morning, with the Sensex rising more than 300 points after World Bank raised India ranking on ease of doing business. Investors also looked for more corporate earnings, auto sales data, and the outcome of FOMC meet due tonight.

The 30-share BSE Sensex rallied 333.62 points or 1 percent to 33,546.75 and the 50-share NSE Nifty rose 92.90 points or 0.90 percent to 10,428.20.

About three shares advanced for every share falling on the BSE. The BSE Midcap index was up 0.7 percent and Smallcap rallied 0.9 percent.

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Posted in: Indian Market Tips