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Indian shares rose sharply on Thursday after the US Federal Reserve pledged to be patient with further rate hikes, while investors awaited the 2019/20 Union Budget on Friday for further direction.

The benchmark BSE index closed up 1.87 percent at 36,256.69, in its sharpest daily gain since Oct. 29, 2018.

The broader NSE index ended 1.68 percent higher at 10,830.95.

Most sectors closed in positive territory on the day of expiry of derivatives. Reliance Industries Ltd, HDFC Bank and Infosys Ltd were among the top gainers, rising 2.6 percent, 2.2 percent and 3.26 percent, respectively.

Copyright Reuters, 2019
 

 

 

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