Indian markets rallied for the second day with Sensex jumping 282.41 points and finally closing at 19,958.47. The broader index Nifty also managed to surpass 6,000 mark and closed nearly 74 points up to 6,009. In the last 2 trading sessions Sensex has rallied up 664 points.
Apart from the strong closing from US markets, Infosys acted as the immediate factor that pushed markets to open strong. Infosys posted its first quarter results on Friday. After the strong numbers from Infosys, Information Technology and Technology index saw strong buying throughout the session and finally closed 6.46 per cent and 5.13 per cent up respectively.
Profit booking continued in Consumer Durable sector as it fell nearly 1 per cent. Pressure was also seen in the auto sector but markets got a boost from the export data .