MUMBAI (Reuters) - The BSE Sensex and Nifty surged nearly 2 percent on Thursday, posting their biggest daily gain in over three months, on hopes foreign buying would continue as country can better weather any Fed-related volatility due to improving fundamentals.
Traders said a report from news channel Zee Business that Standard & Poor's would raise its outlook on India to "stable" from "negative" also boosted shares. S&P officials were not immediately reachable for comment.
Larsen & Toubro Ltd provisionally rose 3.8 percent, while Tata Motors ended 3.4 percent higher.
The benchmark Sensex provisionally closed 1.81 percent higher, while the broader Nifty gained 1.75 percent, marking their biggest daily gain since June 2.
(Reporting by Abhishek Vishnoi; Editing by Anand Basu)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app