Share markets in India have extended early gains and are presently trading on a strong note, tracking global cues.
Huge buying interest is also seen in private banks and finance stocks.
US stocks rose on Wednesday, with the S&P 500 closing above 3,000 for the first time since March 5, as the further easing of lockdowns lifted optimism for an economic recovery.
Meanwhile, the Dow Jones Industrial Average rose 553.16 points, or 2.21%.
The BSE Sensex is trading up by 558 points, up 1.8%, at 32,150 levels. Meanwhile, the NSE Nifty is trading up by 164 points.
Shares of IndusInd Bank surged 10%, while HDFC Bank, Axis Bank and Hero MotoCorp gained in the range of 4-5%.
On the sectoral front, gains are largely seen in the banking sector, finance sector, and automobile sector.
More details to follow in the upcoming commentary.
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