Reuters Market Eye - The BSE Sensex rallied to nearly 1-month highs after U.S. Federal Reserve Chairman Ben Bernanke said on Wednesday a highly accommodative monetary policy would be needed for the foreseeable future, raising hopes any tapering of the asset purchase programme may not be necessarily close.
The Sensex is up more than 2 percent after hitting its highest mark since June 7. The Nifty is up 2.12 percent, after marking its highest intraday level since June 10.
The gains are being fed by hopes that foreign investors may taper off their recent selling, which has reached a net 110.8 billion rupees since the start of June.
The rupee rallied to more than a week high and is seen having a positive rub-off on shares amid worries about foreign flows.
All BSE Sensex shares are gaining with ITC Ltd up 2.1 percent and HDFC Bank Ltd rising 3.3 percent.
(Reporting by Abhishek Vishnoi)
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