Top five factors which are taking the Sensex higher

The S&P BSE Sensex surged over 400 points in trade on Wednesday on strong global cues.

The rally in the index was led by gains in Infosys, HDFC, ICICI Bank, Axis Bank, and HDFC Bank Ltd.

The 50-share Nifty index also managed to reclaim its crucial level of 7,800, supported by gains in FMCG, IT, auto, banks, metal and power stocks.

US markets ended higher after a Labour Day holiday on Monday. Major Wall Street indices posted gains of more than 2 per cent overnight.

A mixed report on the US jobs market for August last week added to investor uncertainty about whether the Federal Reserve will increase interest rates at its September 16-17 meeting.

Cabinet today okayed nod for spectrum trading norms

“Look, all the monetary indicators are very much in control compared to two years ago. In the corresponding quarter in 2013, India’s situation was almost like what is now happening in China,” says Rana Kapoor, MD & CEO, Yes Bank.

China stimulus hopes:

Asian markets rose along with China on hopes of strong stimulus measure from Beijing after it reported trade data earlier this week which came below expectations.

German Data boost confidence:

European stocks ended higher on Tuesday, after data showed that Germany’s imports and exports hit record highs in value terms in July. Europe’s broad FTSEurofirst300 index closed up 1.16 percent at 1,415.58.

Reform hopes push Japan’s Nikkei 225 by over 7%, most since 2008:

Japan’s Nikkei share average soared over 1,000 points in trade or 7 per cent, after Prime Minister Shinzo Abe’s comments sparked hopes of more policy steps to support growth and as long-term investors hunted for bargain after the market hit a seven-month low.

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