Reuters Market Eye - The BSE Sensex and the Nifty surged on Thursday led by gains in banking stocks after the U.S. Federal Reserve stunned markets and decided not to taper its asset-buying programme.
The BSE Sensex gained 3.5 percent while the Nifty was up 3.77 at 1510 IST.
The NSE bank index gained 7.2 percent on hopes that the RBI in its policy review on Friday, may ease some of emergency cash tightening steps it had initiated in mid-July.
Among large-cap banks, ICICI Bank Ltd rose 6.5 percent, HDFC Bank Ltd was up 5.7 percent while the midcap Yes Bank Ltd surged 23.2 percent.
The broader Nifty rose as much as 4.1 percent, marking its highest level since May 22, 2013, while the benchmark BSE Sensex rose as much as 3.9 percent, marking its highest level since November 11, 2010.
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