The BSE Sensex opened 300 points higher tracking strong Asian markets after Fed decided to pledged to hold interest rates near zero for two more years.
At 09:18 AM, the BSE Sensex was up 350 points to trade at 17,208 while the 50-share Nifty index was trading at 106 points higher at 5,180. BSE Realty index surged 3.2%, BSE IT index was up 3.1% while BSE Metal index gained 2.6% in opening trade.
The gain in Sensex was led by Reliance Industries, Infosys and ICICI Bank. Shares in Mahindra Satyam surges 10% after the software exporter reported its quarterly net profit numbers which rose more than doubled, on higher client spend and margin expansion.