Sensex gains above 300 points, markets soar ahead of inflation numbers

Reliance Industries jumped as much as 4.2 percent ahead of its quarterly results on Friday.

The equity benchmark indices Sensex and Nifty opened in the green, after closing lower yesterday. "This is a positive indication, and one may expect further upmove in the next session", Jasani asserted.

The BSE market breadth was bullish - 1,694 advances and 980 declines.

The broader National Stock Exchange (NSE Nifty) regained the 10k mark ending up 1.12 per cent to close at 10,096.40 - recording its biggest single-day gain since May 25. The Indian rupee opened flat at 65.13 per dollar on Thursday versus previous close 65.14.

Asian shares rose on Wednesday, tracking Wall Street's rally to all-time highs, while the euro hovered near a 10-day peak after Catalonia's leader talked down immediate plans to secede from Spain, easing near-term concerns about euro zone instability.

Firm global cues as well as optimism over the earnings season helped Indian markets finish sharply higher on Thursday.

Sector-wise, the S&P BSE metal index surged by 266.16 points, followed by banking index by 257.27 points and automobile index by 245.75 points.

Biggest gainers in the 30-share index were Sun Pharmaceutical Industries (2.43%), NTPC (1.14%), Reliance Industries (1.02%), Hero Motocorp (0.95%), Tata Consultancy Services (0.86%), and Tata Steel (0.85%).