Sensex gains over 300 points; Nifty up by 100

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.