After Wednesday's fall, markets showed a strong buying on Thursday on the back of positive global cues. Sensex rose nearly 2 per cent to 19,676 and Nifty jumped over 2 per cent and finally closed above 5,900 mark at 5,935.10.
Asian markets on Thursday opened strong and carried the momentum after US Federal Reserve Chairman, Ben Bernanke promised to continue the stimulus and that the interest will continue to be low.
Consumer Durable Index was the only index which saw selling pressure as investors booked profits. It closed 0.64 per cent down while Metal, Bankex and Realty sectors saw strong buying closing 3 per cent, 2.48 percent and 2.44 per cent up respectively.
Sesa Goa was the biggest gainer and rose 6.25 per cent followed by Hindalco, Bharti Airtel and Kotak Mahindra Bank which rose 4.43 per cent, 3.43 per cent and 3.26 per cent respectively. Experts believe that FIIs are done with profit booking and now feel they are again buyers in the Indian markets. Infosys will kick-off the results season from Friday, experts believe going forward markets will be more focused on the corporate numbers.
On currency front, session opened strong with rupee touching 59.35 per dollar as importers again started buying dollar. But as the day progressed, rupee slid to 59.98 per dollar levels and finally recovered and closed at 59.67 per dollar.
European markets carried forward the moment from Indian markets and opened positive. FTSE and CAC index closed nearly 0.7 per cent up while DAX gained over 1 per cent.