Sensex rallies 215 points, Nifty above 9,950

Stock market moved on to a higher

platform today, with the benchmark Sensex rallying 215 points

and the Nifty cruising above 9,950.

Fund houses carried on with buying across the board.

Metal, oil and gas, power stocks were on a roll amid

supporting Asian leads.

Expectations ran high as the GST Council meeting is set

to take a call on providing relief to exporters and SMEs.

The BSE Sensex hit 31,807.29 at 1122 hours, up 215.26

points, or 0.68 per cent. The NSE Nifty traded at 9,966.30,

higher by 77.60 points -- or 0.78 per cent -- from its

previous close.

Tata Steel rallied 4.04 per cent while NTPC and SBI rose

up to 2.99 per cent.

Asian stocks reflected US optimism after data sets and

comments from Federal Reserve officials pointed to the US

economy gaining strength, signalling a gradual global revival.

Chinese and South Korean markets were closed.

The US markets posted solid gains and closed at all-time

highs yesterday, spurred by gains in technology stocks.

Share outflow from foreign portfolio investors (FPIs)

continued at net Rs 656.50 crore yesterday, showed provisional

data from exchanges. Domestic institutional investors (DIIs)

remained net buyers, picking up shares net Rs 519.03 crore.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)