Sensex rallies 345 pts in morning deals

The benchmark BSE Sensex today extended its rally in morning deals and was trading higher by 345.06 points on gains in the stocks of key sectors such as auto, metals, oil & gas and teck amid bullish global cues.
The US Fed's dovish stance on hiking interest rate for short-term spurred the market momentum across the globe and also gripped domestic bourses.
The Cabinet approval of Goods and Services Tax (GST) on Wednesday also buoyed the sentiment, prompting investors go for short covering ahead of the expiry next week.
30-share BSE Sensex witnessed gap-up opening at 27,292.55 and was trading at 27,471.63 at 1015 hours.

The 30-share BSE Sensex opened at 27,292.55 and moved up to 27,471.63 at 1015 hours.
The index was up by 345.06 points, or 1.27 per cent, from its last close.

The NSE 50-share Nifty also gained 93.40 points or 1.14 per cent to 8,252.70.
Meanwhile, Foreign Portfolio Investors sold shares worth net Rs 874.89 crore yesterday, as per provisional data.
Major gainers were SSLT (3.39 per cent), M&M (2.82 per cent), BHEL (2.76 per cent), HeroMotoCorp (2.53 per cent), Coal India (2.53 per cent) and Reliance (2.14 per cent).
Asian stocks were trading higher led by Japanese stocks, following US stocks biggest two-day advance since late 2011 yesterday amid relief that the Federal Reserve was in no rush to start hiking interest rates.

Key indices in South Korea, Indonesia, Singapore, Japan, Hong Kong and Taiwan were up 0.76 to 1.92 per cent.
China's Shanghai Composite fell 0.48 per cent.