Sensex holds 400 pts rally, Nifty nears record high; PSU Bank rises 3%

Equity benchmarks continued to trade strong in afternoon after the World Bank raised India ranking to 100th place from 130th place in ease of doing business and India’s annual infrastructure output in September grew 5.2 percent from a year ago.

The 30-share BSE Sensex surged 400.08 points or 1.20 percent to 33,613.21 and the 50-share NSE Nifty gained 100.10 points or 0.97 percent at 10,435.40.

About 1,496 shares advanced against 1,113 declining shares on the BSE.

PSU Bank index rallied 3 percent and Nifty Bank index jumped nearly 2 percent.

IDFC Bank, ICICI Bank, SBI, Axis Bank, Bank of Baroda and Yes Bank gained 1-8 percent.

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