Nifty hits 8800 on ECB stimulus move, Sensex up over 350pts

Nifty Futures Tips

The 50-share NSE Nifty surpassed 8800 level for the first time, up 93.30 points to 8854.70 and the 30-share BSE Sensex rallied 364.49 points to 29370.51.

The market gained more than a percent in early trade on Friday following stimulus package announced by European Central Bank yesterday evening.

Tata Motors, which owns subsidiary in UK - Jaguar Land Rover, spiked 3 percent after the ECB move. Among others, ITC, L&T, Sun Pharma, Bharti Airtel, Wipro, M&M, Maruti, Hero Motocorp, Bajaj Auto, Tata Steel and Hindalco Industries jumped 1-1.6 percent.

The Indian rupee gained in the early trade today. It has opened higher 26 paise at 61.44 per dollar versus 61.70 Thursday.

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