Sensex, Nifty, Midcap continue to rally; Europe mixed, oil slips

The rally in equity benchmarks as well as broader markets continued in afternoon trade as latest weaker-than-expected US jobs data indicated that further rate hike is unlikely by end of 2016.

The 30-share BSE Sensex surged 317.95 points or 1.11 percent to 28850.06 and the 50-share BSE Nifty jumped 93.10 points or 1.06 percent to 8902.75. The BSE Midcap gained 1.4 percent and Smallcap was up 0.9 percent on positive breadth.

About 1596 shares advanced against 1001 declining shares on the exchange.

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